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

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.