Nextgreen Global, IHI, No­mura in MoU on green tech park

The Sun (Malaysia) - - SUNBIZ -

PETAL­ING JAYA: Nextgreen Global Bhd, No­mura Hold­ings Inc and IHI Corp have en­tered into a mem­o­ran­dum of un­der­stand­ing (MoU) to ex­plore col­lab­o­ra­tion and in­vest­ment for a green tech­nol­ogy park in Pa­hang span­ning 410 acres.

In a joint state­ment yes­ter­day, the groups said the MoU al­lows the three par­ties to eval­u­ate po­ten­tial col­lab­o­ra­tion in­volv­ing Nextgreen Global’s tech­nol­ogy of con­vert­ing palm oil wastes into pulp and paper, IHI’s pro­fi­ciency in re­new­able en­ergy and No­mura’s fi­nan­cial ex­per­tise.

The MoU fa­cil­i­tates a joint fea­si­bil­ity study to eval­u­ate po­ten­tial co­op­er­a­tion in the de­vel­op­ment and man­age­ment of power gen­er­a­tion and other aux­il­iary fa­cil­i­ties for the se­cond and sub­se­quent phases of the green tech­nol­ogy park.

The study will also ex­plore re­search and de­vel­op­ment into ar­eas such as the ef­fec­tive util­i­sa­tion of oil palm wastes and ex­tracts.

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