Leaf and PETRONAS Chemicals sign MoU for a study of renewable chemicals market

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Type of post: FLASH NEWS.

- Leaf Resources Limited have just announced that PETRONAS Chemicals Group Berhad (PCG) and Leaf Malaysia have entered into a non-binding Memorandum of Understanding (MoU) in relation to Leaf’s proposed biorefinery project in Malaysia.
- The MoU provides for, among other things, a study of chemical markets and commercially ready biotechnologies. Subject to satisfactory findings in the study and the approval of PCG, the parties may pursue an offtake agreement for the fermentable sugars produced at the proposed facility.
- At the end of 2017, Leaf and Verdezyne reported that would collaborate to evaluate the use of Leaf’s cellulosic sugars as feedstock for large scale production of biobased chemicals at Verdezyne’s VerdePalm plant (under construction at that time). As Verdezyne abruptly closed down its operations this May, it appears that Leaf is trying to establish new partner for its biorefinery project.

Press release: PETRONAS Chemicals Group Berhad enters into MOU for biorefinery offtake (1/8/2018).
Related posts:
- Leaf signs land purchase option for a biorefinery project in Malaysia (20/11/2017).
- Leaf and Verdezyne to evaluate the production of biobased chemicals from cellulosic sugars (7/12/2017).
- Leaf and B&G sign MOU for the feedstock supply of the first Malaysian Glycell biorefinery (16/7/2018).

Figure 1. Biomass to renewable chemicals through Glycell technology

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