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Palm Oil Industrial Cluster
06-11-2006: DXN buying Sabah land for biodiesel
venture
DXN Holdings
Bhd is buying 240ha of leasehold land in Lahad Datu, Sabah, for RM10.45 million
for its biodiesel venture.
DXN said on Nov 6 that its unit DXN Oleochemicals Sdn Bhd was buying the 99-year leasehold land, expiring in 2104, from POIC Sabah Sdn Bhd.
It said the land is for building a plant for biodiesel and processing of oleochemical products and refinery.
"The venture is expected to contribute positively to the financial performance of DXN Group once it commences the operation activities," it said.
Lahad Datu palm oil cluster targets RM1b investments
KOTA KINABALU Wednesday November 8, 2006 : The newly launched Lahad Datu Palm Oil Industrial Cluster (POIC) is expected to draw over RM1bil in investments in the next two years.
Optimism is growing that Lahad Datu may become the biggest biodiesel producing port in the world based on initial investor interest in purchasing land in the POIC. Eight of the nine companies that concluded their land purchases were at the signing ceremony held here on Monday.
This is not only a commendable achievement by the POIC but is of great significance to the state. For the first time in Sabahs history we will witness a large wave of foreign interest in developing Sabahs downstream industry, he added.
The nine companies, which have bought 140ha of the POIC land, include investors from Britain, Australia and South Korea.
Seven of the companies would be investing in biodiesel production, POIC Sabah Sdn Bhd chief executive officer Dr Pang Teck Wai said.
He said based on plans at the POIC area and licences granted by the federal government, the companies were expected to inject RM1bil to produce close to one million tonnes of biodiesel by end-2008.
There is a rush of investor interest in the POIC. This is testimony to the business potential in the sector. We have raw materials for feedstock. We have an excellent harbour and we are located near southern Philippines and Indonesias Kalimantan which are sources of future oil, he said.
MALAYSIA
Malaysia is strategically located in the heart of Southeast Asia. It has an
estimated population of 24 million with a per capita GDP of RM14.500 (USD3,800).
Kuala Lumpur is the capital of Malaysia and doubles as the financial and
business capital with an estimated population of 1.8 million.
Ranked among the world's top 20 trading nations. Malaysia is one of the fastest
growing economies in the world and also a leading exporter of manufactured
goods. It is blessed with an abundance of natural endowments such as petroleum
and natural gas, timber,
minerals and marine resources.
Malaysia is the world's largest producer and exporter of palm oil. This
commodity is playing an increasingly important role in the country's revenue
(RM20 billion in 2004) second only to petroleum (RM21 billion).
SABAH forms one of the thirteen (13) states that make up Malaysia. It covers a
land area of 73,997 sq km. Sabah. Rich natural resources (petroleum, gas,
timber, minerals, fisheries), fertile land and a small population (2.5 million
in 2000) make Sabah a land of plentiful investment opportunities.
Strategically located in the heart of the BIMP-EAGA (Brunei, Indonesia,
Malaysia, Philippines East Asean Growth Area). Sabah lies in the centre of one
of Asia's largest regional grouping, spanning territories of four ASEAN
countries measuring an estimated 1.54 million sq km and home to 60 million
people.
As the biggest producer of palm oil in Malaysia, the investment potentials in
the sector are being given focused attention through the palm oil industrial
cluster concept and the creation of the POIC Sabah Sdn. Bhd., the company to
spearhead the realization of the concept as the State Government of Sabah seeks
to further diversify its revenue base.
Palm oil industrial clusters are also envisaged for the Sandakan and Kimanis
areas where substantial oil palm plantations thrive. The creation of the
clusters and the investments in oil palm-related industries are expected to
strengthen Sabah's economic foundation and also Malaysia's position as the
foremost producer of palm oil in the world.
The first of three proposed palm oil industrial clusters is located in Lahad Datu, in southeastern Sabah. Lahad Datu is ideal for following reasons:
Located within the heart of Sabah's palm oil belt
More than 100 palm oil mills are located in Lahad Datu or near by
5 million metric tones of palm oil and palm kernel oil per year
30% of oil palm produced in Sabah are processed in Lahad Datu
Land, sea and air linkages
Adequate infrastructure
Deep natural harbor
Availability of suitable labor
Apart from being developed for the growth of a wide range of palm oil
downstream industries, the POIC in Lahad Datu will also serve as a centre where
investment in upstream activities will flourish.
Such activities include:
Plantations
Milling equipment
Planting materials
Analytical equipment
Farm machinery
A Hub of Endless Opportunities
The POIC at Lahad Datu will be developed in two phases. Phase 1, due for
commissioning in 2006, covers 500 acres meant for bulking and oil-based
industries. Phase 2, covering 500 acres for oil palm biomass and food based
industries will start development in 2007.
Biomass
Pulp & Paper
Fiber Composite Plastic Component
Block Board
Food Industries
Palm santan powder
Margarine / Spreads
Bread Spreads
Shortening
Non Dairy Ice-Cream
Ice-Cream Powder
Palm-Based Tempura Oil
Ice-Cream
Cooking Oil
Salad Dressing
Trans Free Vanaspati
Chocolate Paste
Nutraceutical / Phytonutrients
Tocotrienols (Vitamin E)
Carotenes (Vitamin A)
Phytosterol (Sterol)
Squalene
Coenzyme Q
Lecithin
Oleo chemical
Personal care products
Soap and Shampoo
Candies
PFAD
Crayon
Detergents
Cosmetic and Personal Care Products
Biofuel & Power Supply Industries
Palm Diesel / Biodiesel
Biogas
Main Incentives for Manufacturing Companies
New Companies
Pioneer status : will enjoy a 100% tax exemption on their statutory income
during their 5 year exemption period.
Investment Tax Allowances : will enjoy an allowance of 100% on the qualifying
capital expenditure incurred within a period of five years.
Enhance incentives for the utilization of Oil Palm Biomass : Biomass companies
that utilize oil palm biomass to produce value-added products such as particle
board. MDF. plywood, pulp and paper are eligible:
Renewable energy : Pioneer status with a tax exemption of 100% of the
statutory income for a period of 10 year; or
Investment tax allowances : 100% on qualifying capital expenditure incurred
within 5 years. Allowance can be used to setoff against 100% of the statutory
income in each year of assessment.
Incentives for the Agriculture Sector
- Pioneer status
- Investment tax allowance
- Incentives for food production
- Incentives for reinvestment in food processing activities
- Reinvestment allowance
- Reinvestment incentives for resources based industries
- Agricultural allowance
Incentives for Environmental Protection
- Incentives for the storage, treatment and disposal of toxic and hazardous
Waste.
- Incentives for energy conservation
- Incentives for waste recycling activities
- Incentives for the use of renewable energy resources
- Accelerated capital allowance
Incentives for Research and Development
- Contract R&D Company
- R & D Company
- In-house research
- Double deduction for R&D
- Incentives for researchers to commercialize research findings
Incentives for Training
- Investment tax allowance
- Special industrial building allowance
-Tax exemption on education equipment
- Tax equipment on royalty payments
Incentives for Shipping and Transportation Industry
- Tax exemption for shipping operators
- Exemption from import duty and sales tax and prime movers and trailers
Others General Incentives
- Industrial building allowance
- Infrastructure allowance
- Tariff related incentives
- Incentives for export
- Training Incentives
- Incentives for Acquiring Proprietary Rights
- Incentives for Use of Information Technology
- Incentives for the Use of Environmental Protection Equipment
- Donations for Environmental Protection
- Incentives for Employees' Accommodation
- Incentives for Employees' Child Care Facilities
Export Promotion Activities
» Grants to assist Small and Medium Enterprises (SMEs) under activities for the
development of export markets. Eligible activities are:-
- Participation in trade missions, specialized selling missions and
international trade fairs;
- Participation in Malaysia Trade Centre overseas;
- Preparation of promotional items;
- Promotion of brands overseas;
- Designing and improving packaging of products; and
- Participation in overseas international tenders.
Type of Grants
- Business Planning and Development
- Product and Process Improvement
- Productivity and Quality Improvement and Certification
- RosettaNet Standard Implementation
- Enhancing Product Packaging Design and Labeling Capabilities of SMEs
- Development and Promotion of Ha/a/ Product
- Skills Upgrading
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| INDEX : New Oil Palm | June 29, 2011 03:01:23 PM |
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