KUALA LUMPUR, Oct 19 (Bernama) -- EnergyTransformers (M) Sdn Bhd has won the Malaysian Sustainability Award for Circular Economy at a gala evening held on Oct 6 hosted by the Malaysian Dutch Business Council.
EnergyTransformers, which is part of the Rotterdam (Netherlands)-based Transmare Group, is developing the supply chain and meeting the increasing needs of the demanding energy market.
In a statement today, the company said the circular economy is based on reuse and recycling of all materials involved in the entire production and consumption systems.
It said the prize was awarded for impactful entrepreneurship and action driven strategy to tackle and solve large environmental problems related to recycling of agricultural residues, specifically in oil palm plantations.
EnergyTransformers said it competed against the other finalists namely Kloth (pet yarns); Sime Darby Property (community development) and BioValence (biofloc shrimp farming systems) to create a cleaner environment and a circular economy.
"The proposition of EnergyTransformers is based on the conversion of waste materials (from oil palm plantations) into BioChar, a true soil improver that leads to deeper and healthier soils, and considerable agricultural yield increase.
"It also transforms these agricultural residues into a high-calorie BioCoal, which is suitable for boilers in power plants," it added.
EnergyTransformers said these BioCoals are in high demand across the world for their low carbon footprint.
-- BERNAMA
http://www.bernama.com/bernama/v8/bu/newsbusiness.php?id=1293278
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