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Elridge Energy in RM45mil carbon venture
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PETALING JAYA: Elridge Energy Holdings Bhd is investing RM45mil in six integrated activated carbon production chains in Klang, via its wholly owned subsidiary, Lumeria Power Sdn Bhd.

The biomass fuel products manufacturer said in a statement that the investment represents a significant extension of the group’s existing palm kernel shell (PKS) business.

It said it would enable Elridge Energy to move beyond supplying PKS primarily as biomass fuel and convert the same feedstock into activated carbon, a higher value-added product used in water treatment, air and gas purification, industrial filtration and other industrial applications.

Upon completion of both phases in the second half of financial year 2027, the Klang facility is expected to have a total designed production capacity of 21,600 tonnes of activated carbon per annum.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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