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Oiltek International Limited ( (SG:HQU) ) has shared an announcement.
SK SAF and its partners have completed the feasibility work for Sarawak’s first sustainable aviation fuel (SAF) project, positioning the region as a leader in the SAF sector. The project, aligned with Sarawak’s Green Economy Transition Policy, utilizes a modular architecture with a Build-Operate-Transfer-Maintain (BOTM) model, transforming palm oil mill effluent and decanter cake into renewable fuels. This initiative, through its private-sector-led BOTM structure, ensures feedstock certainty, early revenue generation, and reduced risk exposure, while eventually allowing local ownership and control, thus establishing Sarawak as a critical node in the global renewable fuels value chain.
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: 1,518,646
Technical Sentiment Signal: Hold
Current Market Cap: S$441.9M
Learn more about HQU stock on TipRanks’ Stock Analysis page.