KUALA LUMPUR, Ecoscience International Bhd (EIB) announced that its wholly owned subsidiary, Ecoscience Manufacturing and Engineering Sdn Bhd, has clinched a RM40 million contract to design, construct and install a palm oil and fat refinery plant in Johor.
In a filing with Bursa Malaysia, the group said it received a letter of award from an established oil process engineering company for the project. The scope of work includes the construction of buildings and supporting infrastructure as well as the installation of plant equipment and systems for the proposed refinery. The contract, valued at RM40 million, is scheduled to be completed by July 1, 2026.
EIB noted that the award is expected to boost the company’s earnings over the project period, though it will not have any material effect on the group’s share capital or the interests of substantial shareholders.
The company added that the project reinforces its position as a key solutions provider in the palm oil downstream sector, highlighting its expertise in delivering large-scale engineering, procurement, construction and commissioning (EPCC) projects for the industry.
