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one of the key distinction in this company is the aspiration to switch from epcc based to boo/boot model; from non-recurring to recurring based revenue. current orderbook on hands of slightly over 200 mil is still epcc based and probably not boo/boot yet.
PE10 or lower will be really attractive, adama. hehe. the rest of the main market renewable energy counters are way higher. the challenge for this counter is to secure the first boo/boot contract from its major customers - palm oil mills taikors; sime, wilmar, fgv, etc.
yup. unless the net zero / ghg policies change. genergy's solutions is applicable to scope 1 emissions, not for scope 2 and 3. taikor sime wants to increase biogas plants to more than 40 by 2030 from the current baseline of ~20 now. different customers different targets.
We are investing in renewable energy through solar and biogas projects on our land. Our goal is to drive meaningful change for the planet and its people.
Biogas Plants and Methane Capture
We have successfully operationalised 19 methane-capturing biogas plants across the Group as of 2024. These facilities align with our sustainability goals and contribute to long-term profitability. We plan to increase our biogas plants to 46 mills by 2030.
taikor wilmar, international taikor is more aggressive. Lol, no pun intended. You can find it at wilmar's website, under media release, press release dated 27 Mar - For the energy and industry sector, Wilmar has committed to reducing absolute Scope 1
and 2 GHG emissions by 50.4% by 2032 from a 2022 base year.* In addition, the Group will reduce absolute Scope 3 GHG emissions—covering purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, and the processing of sold products—by 30% within the same timeframe.* In the long term, Wilmar will continue to implement these reductions, aiming to achieve a 90% absolute reduction in Scope 1 and 2 emissions by 2050, as well as a 90% absolute reduction in Scope 3 emissions—covering all the aforementioned categories along with downstream transportation and distribution.
ipo leh... scared ooh... trade sikit2 at discounted ipo price still ok. parent company coating business slowing down. have to focus more on renewable energy.
not sure about the rest. but this is my 1st IPO trade on day 1 listing. I have never traded IPO stocks on day 1 listing prior to this. maybe will ended up paying tuition fees :)
as for parent company versus listed subsidiary, those wanted exposure to O&G will pick wasco. those wanted renewable energy, will pick genergy. just like gent vs genm, ytl vs ytlpower, sime vs simeprop. i think up to individual preference?
not exactly the same effect on biodiesel versus the biogas plants, tiong. as long as there is cpo production / mills running, there will be waste generated. the waste generated will be used for the biogas plants to produce methane to generate heat/electricity. biodiesel uses the cpo itself.
demand for biogas plants from palm oil mills will drop (1) if net zero / ghg policies change or no longer the priority (2) no more cpo production as no more waste produced.
yes, ck. bmgreen has more segment biogas, waste treatment and recently solar. I saw one analyst report on bmgreen that the orderbook target is 250mil for FY26 and bmgreen has just secured 90mil solar epcc contract. genergy has epcc orderbook of more than 200 mil. just my personal preference - Genergy is more specialized, niche, slightly better margins; limited margins data for genergy since its just day1 IPO. Genergy wanted to move from epcc to boo/boot model - something like highway concession model, build and then collect toll for certain number of years; constant recurring revenue.
wont be distributed if it is not announced, tiong. most likely will go into wasco's working capital. you will see the movement in cash balance (up) due to the offer for sale. and future qr, wasco will report lower profit attributable to owners and the NCI will increase bcos genergy is now listed.