- On 26 February, Oiltek announced a heads of agreement with Indonesian state oil company Pertamina to enter a joint venture to develop a pre-treatment unit (PTU) and supply feedstock. There are potentially three revenue streams – constructing the PTU plant and recurrent revenue from partial ownership of the PTU and sourcing feedstock for the PTU.
New growth and business model opportunity.
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- We believe there will be potentially three sources of revenue for Oiltek. There will be two recurrent income streams from ownership in the joint venture and supply margin from supplying the PTU's palm oil effluent (POME) feedstock. POME is the wastewater from palm oil mills. The third revenue source is a contract to build the PTU.
What is a PTU?
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- Oiltek has built operating PTU plants using its proven proprietary process for other SAF producers using International Sustainability and Carbon Certification (ISCC) certified POME. The joint venture PTU can potentially earn a processing margin on the POME feedstock before selling it to a SAF plant.
More corporate actions.
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