Kelington to invest Rm45mil in new plant

PETALING JAYA: Kelington Group Bhd will invest Rm45mil to build its second carbon-dioxide gas recovery plant, dubbed as “P2”, in Kerteh, Terengganu, as its existing plant has already hit an operating capacity of over 80%.

With the new plant, which will be built by its subsidiary Ace Gases Sdn Bhd, Kelington will produce an additional 70,000 tonnes of liquid carbon dioxide per year.

“The growth of the industrial gases business is expected to provide the group with stable recurring income,” Kelington said in a filing with Bursa Malaysia yesterday.