Kinergy Advancement Berhad has joined hands with Agromate Holdings Sdn. Bhd to spearhead bioenergy or Renewable Energy ("RE") generation across Palm Oil Mills ("POM") in the country. With Malaysia being the world's second-largest palm oil producer, supported by its 447 POMs that has a processing capacity of 119.5 million tonnes per year, this KAB-AGROMATE collaboration seeks to capitalise on a largely under-tapped market with huge recurring income potentials.

Both parties aim to reshape the operations of the POMs by actively leveraging biomass resources and other sustainable energy projects to advance renewable energy pathways. Additionally, GENPLAN is anticipated to conduct engineering, procurement, construction, and commissioning ("EPCC") works tailored towards environmentally friendly projects. This will guarantee the long-term and sustainable performance of energy-related endeavours through efficient operation and maintenance services.

Leveraging 26 years of KAB's expertise in energy solutions and AGROMATE's 44 years of extensive knowledge in the palm oil industry, this partnership not only aligns with the global shift towards cleaner, more sustainable energy sources but also actively contributes to curbing carbon footprints, fostering environmental sustainability, and significantly enhancing energy efficiency, particularly within the POM sector.