Toyo Engineering & Construction Sdn. Bhd. (Toyo-Malaysia), a Malaysian subsidiary of Toyo Engineering Corporation (TOYO, President and CEO Yutaka Yamada) has been awarded a contract to build a bioethanol production facility with a capability of 10,000 tons per year by a joint venture company between GlycosBio Asia Sdn. Bhd. and Malaysian Bio-Xchell Sdn. Bhd., located in Johor Bahru, Malaysia. GlycosBio Asia Sdn. Bhd. is a subsidiary of Glycos Biotechnologies Inc, an international biochemical company in U.S.A. focused on commercializing renewable, high-value specialty chemicals. Bio-XCell Sdn. Bhd. owes and develops a government-supported biotechnology industrial park focused on the advancement of industrial and healthcare biotechnology in Malaysia.
This plant is to produce industrial grade bioethanol from crude glycerin. Toyo-Malaysia will execute the project under a turnkey contract covering Engineering, Procurement, Construction and Commissioning. The project is scheduled for completion in the second quarter of 2013. The plant will be developed in several phases with a total production capacity rate up to 30,000 tons per year being reached by 2014.
TOYO will work to enhance its business activities in Malaysia where active capital investment is expected to continue.
[Toyo-Malaysia in 2011]
In July 2011, Toyo Malaysia was awarded a contract to build a Flare Gas Recovery Unit by PETRONAS Gas Bhd., a subsidiary of state owned PETRONAS, located in client’s existing Gas Processing Plant (GPP-A&B) in Terengganu. This plant will be the project to recover sizeable quantities of Gas which otherwise will be flared and re-routed after compression as valuable sales gas and fuel gas. The project will also contribute towards significantly reducing greenhouse emissions from the gas units. Including these two projects, the order backlog of Toyo Malaysia in 2011 has reached about 300 million ringgit (96 million USD) which is the highest amount since Toyo Malaysia’s formation in 1986.
Jan. 18, 2012