Leaf Resources (ASX: LER) Develops First Facility in Malaysia

Leaf Resources (ASX:LER) has announced how the company is following progress on potential second generation sugar projects, within Malaysia enabled by Leaf’s Glycell™ process.

KEY TAKEAWAYS:

Sarawak

• The potential project remains an attractive option for Leaf Resources, with the size and scale of the possible project means that planning and decision making is expected within the next few months.

Johor

• Major advantages of Johor are: accelerated pathway, established pathway of palm oil waster, potential offtake customers within the park.

Biomass

• The Johor bio-park has an existing supply chain of empty fruit bunch (EFB).

Utilities

• The Johor bio-park provides steam, chilled water, and anaerobic digestion for all park tenants and these central utilities are already in place.

Finance

• The company has analysed many financing options for the developments in Sarawak and Johor.

EPC contractor

• Discussions continue with EPC contractors that possess the necessary credentials and experience in the bio-economy.

Bio Nexus Status

• Leaf Development has lodged an application for Bio-Nexus status though a wholly owned subsidiary of Leaf Development, Leaf Malaysia OpCo Sdn Bhd.

Leaf Resources continues to make advancements into the development of its first commercial scale facility in Malaysia, including now a site in Johor offering potential engineering and construction advantages.

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