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Oiltek International Limited ( (SG:HQU) ) has provided an announcement.
Sarawak, through its new energy arm SEDC Energy, is collaborating with global technology provider Sulzer to develop a 15KTA Sustainable Aviation Fuel (SAF) pilot plant. This initiative aims to utilize Sulzer’s Bioflux technology to meet the increasing demand for SAF in the region. The partnership will ensure the availability of suitable feedstock and secure SAF offtake agreements, reflecting Sarawak’s commitment to global aviation decarbonization and enhancing domestic clean fuel manufacturing capabilities.
The most recent analyst rating on (SG:HQU) stock is a Buy with a S$0.70 price target. To see the full list of analyst forecasts on Oiltek International Limited stock, see the SG:HQU Stock Forecast page.
More about Oiltek International Limited
Average Trading Volume: 910,478
Technical Sentiment Signal: Buy
For detailed information about HQU stock, go to TipRanks’ Stock Analysis page.