Kuala Lumpur (ANTARA News) - Genting Bhd plans to invest 3 bln usd to build a biofuel plant in Indonesia, the New Straits Times reported.
Citing sources, the report said the investment will be made through Genting Biofuels Asia Pte Ltd, incorporated in Singapore and wholly-owned by Gecoun Ltd.
It also said that a Genting official has confirmed that the group has entered into a cooperation agreement with a local government for the biofuel venture.
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