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Green & Smart Holdings plc operates in the renewable energy sector in Malaysia, focusing on the generation of power from biogas captured through the treatment of Palm Oil Mill Effluent (POME). The Company, through its subsidiaries ("the Group") and Associated Companies, is positioning itself as an Independent Power Producer through the construction, operation and ownership of biogas power plants providing electricity to the Malaysian National Grid. Key regulatory measures introduced by the Malaysian government include the establishment of a Feed-In-Tariff mechanism, under which power produced from biogas and other renewable energy sources attracts a premium to market price over a long-term contract (typically 16 years in the case of biogas), along with the requirement for certain palm oil mills to provide for the capture of methane and other waste gases. The Malaysian government aims to achieve the installation of biogas facilities in all palm oil mills in Malaysia by 2020.
The Group also provides its expertise as an EPCC contractor to palm oil mill owners in the construction and management of biogas power plants at the mill owners’ sites. In addition, it has taken minority equity stakes in the Associated Companies that have been established to own biogas power plants at palm oil mills owned by large palm oil mill businesses.
The Group and its Associated Companies have secured approximately 25% of the currently available Malaysia government Feed-in-Tariff allocation, placing them in a leading position in the biogas power generation industry in Malaysia.
The principal operating company in the Group, Green & Smart Sdn Bhd, has an established track record in delivering waste water solutions to the palm oil industry. Over the last 30 years, it has delivered numerous projects in Asia, including a World Bank-funded project and four biogas capture facilities for Felda Palm Industries Sdn Bhd, a subsidiary of Felda Global Ventures which is the world’s largest crude palm oil producer. The Directors of Green & Smart believe that the Group's established relationships with large palm oil businesses such as Felda and Felcra Bhd, an owner and operator of oil palm plantations as well as palm oil mills, position it for future growth. The Group has developed a standalone integrated facility for processing POME to capture biogas, and has an established portfolio of intellectual property comprising two registered patents and one patent application pending approval.
Green & Smart Holdings plc is incorporated under the laws of Jersey, with the registration number 119200. The Group’s business operations are in Malaysia with its primary office address at 73-M, Jalan Medan Setia 1, Plaza Damansara, Bukit Damansara, 50490 Kuala Lumpur, Malaysia.