Malaysian biomass fuel product manufacturer and trader Elridge Energy Holdings has signed a one-year biomass fuel supply agreement with Thailand-based Berkana Power Company, The Edge Malaysia wrote.
Under the terms of a memorandum of understanding (MoU) signed on 21 January, Elridge’s wholly-owned Bio Eneco company would deliver an estimated 100,000 tonnes/year of palm kernel shells (PKS) to Berkana Power via 10 shipments, the report on the same date said.
The deal comes with an automatic renewal option, subject to mutually agreed terms, according to the report.
Elridge Energy CEO Oliver Yeo said the agreement would support Bio Eneco’s ability to provide regular, high-volume biomass fuel deliveries for regional power generation demand, adding that Thailand remained an important market for biomass energy.
“Beyond the annual volume, the shipment and renewal structure provide operational visibility and flexibility for both parties. This aligns well with our strategy of building a balanced contract portfolio across long-term and shorter-cycle supply arrangements in the region,” Yeo added.
Elridge Energy manufactures and trades in biomass fuel products, particularly PKS and wood pellets. Its customers are mainly biomass fuel trading companies that sell to end users such as industrial manufacturers and biomass power plant operators, with operations primarily across Malaysia, Singapore, Indonesia, Thailand and Japan, the group’s 2024 annual report showed.
