<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 25): Ecoscience International Bhd, which debuted on Bursa Malaysia's ACE Market last month, has bagged a RM24.04 million contract for the construction of a palm oil refinery complex in Sulawesi, Indonesia. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The palm oil refinery complex will consist a 300-tonne-per-day (tpd) physical refining plant, 300-tpd dry fractionation plant and bottling plant for Palopo Industrial Park at Sulawesi.</p></div>

<div class=newsTextDataWrapInner><p>The Johor-based palm oil milling services provider said in a Bursa’s filing that its wholly owned subsidiary Ecoscience Manufacturing &amp; Engineering Sdn Bhd has accepted a letter of award issued by PT Wijaya Inti Nusantara Sawit (PWINS) for the design, supply and fabricate works for the construction of the palm oil refinery complex.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Ecoscience said commencement of the works shall be subject to the receipt of down payment from PWINS, which will be notified by PWINS in writing at a later stage.</p></div>

<div class=newsTextDataWrapInner><p>The group expects this contract to contribute positively to its earnings and net assets.</p></div>

<div class=newsTextDataWrapInner><p>At Friday (Aug 25)’s closing bell, Ecoscience closed 1.5 sen or 3.57% higher to 43.5 sen — up 45% from its initial offering price of 30 sen — giving the group a market capitalisation of RM148 million.</p></div>


Ecoscience International Bhd, which debuted on Bursa Malaysia's ACE Market last month, has bagged a RM24.04 million contract for the construction of a palm oil refinery complex in Sulawesi, Indonesia.

Ecoscience International bags RM24 mil contract to build palm oil refinery complex in Indonesia

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