KOTA KINABALU: A Sarawak-based company became the third from the neighbouring Borneon state to invest in Sabah’s state-owned POIC (Palm Oil Industrial Cluster) Lahad Datu industrial park.
In a sale and purchase agreement signed here on Thursday , BNE Trading Sdn Bhd of Kuching bought 2.6ha at POIC Lahad Datu for trading in biomass, particularly palm kernel shells which was one of the residue materials from the oil palm industry.
Welcoming BNE Trading’s investment, Gan said it testified to Lahad Datu being the centre to Sabah’s oil palm industry, as well as the facilities and connectivity of POIC’s port. A dedicated biomass policy for Sabah would further facilitate the development of the industry, he added. This, if taken with the massive oil palm hectares in neighbouring Kalimantan provinces of Indonesia, accounted for a good portion of global palm oil production of which more than 80% come from Malaysia and Indonesia.
Starcity had an operation in Kota Kinabalu whilst the bulk of its business was spread all over Sarawak.
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