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Oiltek International Limited ( (SG:HQU) ) has shared an announcement.
Oiltek International Limited’s subsidiary, Oiltek Global, has entered into a heads of agreement with PT Kilang Pertamina Internasional to develop a Pre Treatment Unit and supply feedstock. This partnership aims to explore alternative feedstocks to replace Crude Palm Oil, facilitating the production of Sustainable Aviation Fuel and Hydrotreated Vegetable Oils to meet the growing export market demand, particularly in Western Europe and East Asia.
More about Oiltek International Limited
Oiltek International Limited, through its subsidiary Oiltek Global, is an integrated process technology and renewable energy solutions provider. The company specializes in offering a comprehensive range of refinery processes and engineering solutions for the vegetable oils industry globally.
YTD Price Performance: 22.12%
Average Trading Volume: 221,539
Technical Sentiment Consensus Rating: Sell
For an in-depth examination of HQU stock, go to TipRanks’ Stock Analysis page.