S’pore firm seeks to open plant here
BANDAR SERI BEGAWAN
A SINGAPORE-BASED company is keen to invest in a $5 million plant here that converts organic waste into organic fertilisers in 24 hours.
Dr Sim Eng Tong, chief executive officer of Biomax Technologies Pte Ltd, is visiting Brunei to study the possibility of setting up the plant that can be used to improve the quality of local produce through the organic fertilisers.
“We believe we can contribute to the environment in Brunei, and also because Singapore and Brunei have good relations, we are looking at opportunities to invest here,” he said, adding that this is his first time in Brunei for business.
Dr Sim was speaking to The Brunei Times on the sidelines of a Lunar New Year celebration between the Chinese community and His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah, the Sultan and Yang Di-Pertuan of Brunei Darussalam.
“Firstly, we intend to set up a plant here which will create jobs locally. This will also create value for the Bruneian economy because we intend to take organic waste which has no value, and convert it into a valuable product that can either be used locally or exported,” he said.
“Our technology is environmentally friendly. One of the key attributes of our fertiliser is that it is able to improve the quality of fruits and vegetables of local agricultural produce,” he added.
The chief executive said they do not intend to just produce the organic fertilisers and sell it here, but the potential of exporting it overseas.
“We hope to receive support from the government to help us, especially in the whole process of setting up the factory and have a smooth process of doing the business here to be able to fulfil our objectives faster,” he said.
He said his interest in setting up a business here began when he visited in 2013 to receive an ASEAN Business Award for innovation.
“I had a very good impression of Brunei then. Recently, I also heard of the drive to bring in investors from abroad and because we also have connections with some of the local businessmen, that is why I took the opportunity to come over,” he said.
The chief executive also cited Brunei’s interest in attracting more foreign investors as one of the reasons he is visiting the sultanate.
Dr Sim, who founded Biomax Technologies with two friends in 2009, has since developed a green technology named the Rapid Thermophilic Digestion System to produce organic fertilisers from organic waste in 24 hours.
The Brunei Times