Sign up | Log in



July 23, 2008

Indonesia: Samsung keen to invest $1.63bn in biodiesel project
South Korea's Samsung Corp wants to invest up to $1.63 billion to build a biodiesel plant and establish oil palm plantations in Riau, Antara news agency quoted an official as saying.

The Korean giant has already acquired land and a crude palm oil factory in Riau, Alhilal Hamdi, chairman of the National team for the Development of Biofuel (BBN), said.

Samsung plans to build a biodiesel factory with an annual capacity of 50,000 kiloliters, Hamdi said, adding that the factory is expected to come into operation next year.

More on Indonesia

More on Energy

More on Investment

More on Companies

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand