KNM’s Phase 2 of Bio Ethanol Project to Provide Long Term Recurring Income
by Daljit Dhesi (The Star) : KNM Group Bhd’s investment in the second phase of its bio ethanol plant project in Thailand is expected to provide long term recurring income for the group, according to Hong Leong Investment Bank (HLIB) Research.
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Based on assumptions of ethanol selling price of 23 baht per litre and cassava cost of 5,600 baht per tonne, the research house expected profit contribution of the second phase project estimated to be RM15mil, which is in addition to 1st phase expected contribution of RM10mil. READ MORE