KUALA LUMPUR: BTM Resources Bhd intends to set up a wood pellet manufacturing plant in Terengganu in a joint venture with Korea Electric Power Corp (Kepco) and two other parties to expand its pellet business and diversify its income stream.
The other parties are Kepco’s unit Korea South-East Power Co Ltd that operates five power plants, South Korea-based gas manufacturer and gaseous fuel distributor Mokpo City Gas Co Ltd, and Selangor-based wood pellet maker MC Bio Sdn Bhd.
BTM Resources said in a filing that all three parties would make investment and develop the project as shareholders. — Bernama
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