|Current Status||Concept / Business Plan|
|Funding Required||RM600,001 to RM1,000,000|
|Description||Palm kernel shell (PKS) is a by-product of palm oil mill. It can be use as solid fuel for industrial boiler (Biomass boiler) to reduce carbon content and it is renewable. Malaysia is recognize as the second largest palm oil producer in the world after Indonesia so there a huge potential for the long term supply here.|
|Business Opportunity||The reason why it is widely use and in high demand nowadays is because it is cheaper than fossil fuel like coal and recognize as green energy resource. The main problem is, fresh PKS from palm oil mill consist fiber and in high moisture that can damage the boiler. So PKS need to be clean from its fiber and maintain low moisture. As for today, I recognize there are 5 companies that process the PKS. The importer of PKS is mainly from Japan, Taiwan and South Korea.
There are possibility that the buyer will buy the fresh PKS without processing it due to acquiring cost. But often, they are lack of time to clean and dry this PKS because they are already busy managing their own production factory. Hence they need the solid fuel to be ready for use.
|Revenue / Business Model||We will buy the fresh PKS direct from palm oil mill as our raw material. We process it and deliver to the buyer. I already have a buyer that ready to commit long term contract for PKS supply. The source of raw material has been identified.|
|Management Team||Executive Director
|Company Background||The company will enter to the contract once getting the investors/ funders.|
|Funding Milestone||We need a fund of RM700,000.00 minimum to start off the business. RM400,000.00 will be spend to purchase raw materials and the balance of RM300,000.00 will be use for the factory setup.|
|% Equity Allocation||70%|
|Risks and Mitigation||The business will need less than 12 months to breakeven hence it is consider as medium risk investment|
|Exit Strategies||The investor can pull out their investment after one year by selling their share.|
|Company Name||PKS Resources Sdn Bhd|
|Business Address||33 Jalan Timah 5 Taman Sri Putri Skudai Johor|
|Contact Person||Muhamad Izat|