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An announcement from TESS Holdings Co., Ltd. ( (JP:5074) ) is now available.
TESS Holdings Co., Ltd. announced the groundbreaking of an EFB pellet manufacturing plant at Sei Mangkei Industrial Park, Indonesia, through its subsidiary PT PTEC RESEARCH AND DEVELOPMENT. This move aims to address the underutilization of EFB, a byproduct of the palm oil industry, by converting it into biomass fuel, enhancing sustainable practices and reducing environmental impacts. The plant, set to commence operations in 2026, will produce 10,000 tons of pellets annually for the Indonesian and Japanese markets, leveraging local partnerships and infrastructure to optimize production and supply chains.
More about TESS Holdings Co., Ltd.
TESS Holdings Co., Ltd., based in Osaka, Japan, operates in the biomass energy sector, focusing on converting agricultural crop residues, such as EFB from the palm oil industry, into biomass pellets. The company is expanding its market focus on sustainable energy solutions, particularly in Indonesia and Japan.
Average Trading Volume: 502,698
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen19.72B
See more insights into 5074 stock on TipRanks’ Stock Analysis page.