SK SAF Advances Sarawak’s First Sustainable Aviation Fuel Project
SK SAF and partners have completed feasibility work for Sarawak's first sustainable aviation fuel project, enhancing the region's position in the SAF sector. The project aligns with Sarawak's Green Economy Transition Policy, using a BOTM model to convert palm oil waste into renewable fuels. This initiative ensures feedstock certainty and local ownership, establishing Sarawak as a key player in the global renewable fuels market. Oiltek International Limited (SG:HQU) has a Buy rating with a S$0.70 price target.
Oiltek International Limited ( (SG:HQU) ) has shared an announcement.
SK SAF and its partners have completed the feasibility work for Sarawak’s first sustainable aviation fuel (SAF) project, positioning the region as a leader in the SAF sector. The project, aligned with Sarawak’s Green Economy Transition Policy, utilizes a modular architecture with a Build-Operate-Transfer-Maintain (BOTM) model, transforming palm oil mill effluent and decanter cake into renewable fuels. This initiative, through its private-sector-led BOTM structure, ensures feedstock certainty, early revenue generation, and reduced risk exposure, while eventually allowing local ownership and control, thus establishing Sarawak as a critical node in the global renewable fuels value chain.
The most recent analyst rating on (SG:HQU) stock is a Buy with a S$0.70 price target. To see the full list of analyst forecasts on Oiltek International Limited stock, see the SG:HQU Stock Forecast page.
More about Oiltek International Limited
Average Trading Volume: 1,518,646
Technical Sentiment Signal: Hold
Current Market Cap: S$441.9M
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