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Oiltek International enters agreement for USD 350 million aviation fuel facility in Malaysia

#International News#Malaysia
Last Updated : 7th Apr, 2026
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Synopsis

Oiltek International Ltd has entered into a heads of agreement with Bioseaga Industries for the construction of a sustainable aviation fuel production facility in Malaysia. The project, valued at around USD 350 million, will be executed by Oiltek Malaysia, which is expected to be formally appointed as the contractor. The planned facility will have a production capacity of 300 metric tonnes per day. The development reflects growing investments in sustainable fuel infrastructure, especially in Southeast Asia, as countries focus on reducing aviation emissions and strengthening alternative energy supply chains.

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Oiltek International Ltd has announced that it has entered into a heads of agreement with Bioseaga Industries for the development of a sustainable aviation fuel production facility in Malaysia. The agreement outlines the proposed provision of construction services for the project, marking a step forward in expanding the company's presence in the renewable energy segment.


As part of the arrangement, Bioseaga Industries is expected to appoint Oiltek Malaysia as the main contractor for the project. The total contract value for the development is estimated at approximately USD 350 million, indicating a significant investment in sustainable fuel infrastructure within the region.

The proposed facility is planned to have a production capacity of 300 metric tonnes per day. This aligns with the increasing global focus on sustainable aviation fuel as the aviation sector looks to reduce carbon emissions and transition towards cleaner alternatives.

Oiltek International has been involved in engineering and construction services, particularly in the edible oils and renewable energy sectors. The company's move into sustainable aviation fuel projects reflects a broader industry trend where engineering firms are diversifying into green energy infrastructure.

Malaysia has been gradually positioning itself as a hub for sustainable fuel production, supported by access to feedstock and policy direction encouraging cleaner energy solutions. Developments such as this project are expected to contribute to regional supply capabilities and support aviation sector decarbonisation efforts.

Source Reuters
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