Ecoscience to focus on downstream expansion

TheStar Tue, Jul 19, 2022 07:20am - 10 months View Original

(From left) Ecoscience International Bhd director Andrea Huong Jia Mei, Hong Leong Investment Bank group managing director and chief executive officer Lee Jim Leng, Ecoscience International Bhd director Law Sang Thiam, executive director Pan Kum Wan, managing director Wong Choi Ong, chairman Datuk Tan Yee Boon, director Ang Chye Kian and Hong Leong Investment Bank equity markets head Phang Siew Loong at the listing ceremony of Ecoscience International Bhd on the ACE Market of Bursa Malaysia.

PETALING JAYA: Ecoscience International Bhd is confident the expansion of downstream activities by Indonesian oil palm companies will underpin its plan to expand its operations there.

The integrated palm oil services provider’s executive director Pan Kum Wan said the proceeds raised from its listing on the ACE Market of Bursa Malaysia would be used for the expansion of the company’s production capacity, specifically in Indonesia.

“About 40 years ago, there was a big expansion downstream in the Malaysian palm oil industry, with regards to refinery, biodiesel etc.


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