phi group inc (PHIL) Key Developments
PHI Group Inc. Enters Strategic Alliances to Supply Sand and Granite to Singapore and Asian Markets
May 12 15
PHI Group Inc. announced that the Company has formed strategic alliances with KHM Joint Stock Company and Primearth Resources Asia Pte Ltd. to supply sand and granite from the Central Vietnam to Singapore and Asian markets. According to the agreement with KHM JSC, PHI Group Inc. has the first right of refusal to supply up over 100 million cubic meters of sand and 40 million cubic meters of granite by KHM JSC to Singapore and Asian markets over a period of five years. PHI Group has also partnered with Primearth Resources Asia to particularly cater to the Singapore market.
PHI Group Inc. Partners with Fusion Crest Sdn Bhd to Set Up Oleochemical Plant
Apr 6 15
PHI Group Inc. announced that the company has signed an agreement with Fusion Crest Sdn Bhd to jointly set up an oleochemical plant in Johor, Malaysia. Fusion Crest owns a number of innovative patents with processing techniques that can convert non-edible oils or fatty acid distillates into value-added oleochemical products, such as C-16 palmitic acid, C8/C10, C-12 lauric acid, C-14 myristic acid, methyl ester, methyl sterate/olate, refined glycerin and residue oil. The plant will utilize equipment from Sulzer Chemtech. The oleochemical plant project requires an investment of approximately USD 15 million and is capable of processing 120 tons of fatty acid distillates per day. Starting the second year of operation it is estimated that the plant will be able to generate about USD 73,400,000 in revenues.
PHI Group Inc. Presents at Mines and Money Hong Kong, Mar-23-2015 through Mar-27-2015
Feb 23 15
PHI Group Inc. Presents at Mines and Money Hong Kong, Mar-23-2015 through Mar-27-2015. Venue: Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wanchai, Hong Kong, Hong Kong. Presentation Date & Speakers: Mar-24-2015, Henry D. Fahman, Chairman of the Board, Chief Executive Officer, President and Acting Chief Financial Officer. Mar-26-2015, Henry D. Fahman, Chairman of the Board, Chief Executive Officer, President and Acting Chief Financial Officer.
PHI Group, Inc. Partners with AG Materials to Set Up a 200,000 MT Wood Pellet Factory in Florida
Jan 21 15
PHI Group Inc. announced that the company has signed an agreement with AG Materials, LLC to jointly set up a 200,000 MT wood pellet mill in Florida, U.S.A. The joint venture company has been able to secure approximately 400,000 short tonnes of Southern Yellow Pine feedstock per year from a reliable industrial source for its proposed 15-acre wood pellet factory to be built in Live Oak, Suwannee County, about 85 miles from Jacksonville, Florida. AG Materials and the company are currently in the process of negotiation to purchase the machinery and equipment for the plant, including PM30 pellet machines, manufactured by Austria-based Andritz Group.
PHI Group Signs Agreements to Set Up Joint Venture Wood Pellet Factories in Vietnam
Jul 28 14
PHI Group Inc. announced that the company has signed memoranda of understanding with two Vietnam-based wood processing companies to set up joint venture wood pellet factories in Central and Southern Vietnam. The initial proposed combined capacities for the joint venture wood pellet plants are scheduled for 400,000 MT per year. PHI Group intends to own a minimum of 51% equity interest in each the contemplated joint venture enterprises. The demand for wood pellets is primarily in Europe, Japan and Korea where carbon-reduction requirements are driving power utilities -- particularly coal-fired power plants -- to mix more wood pellets into their fuel supply. Under current targets, many European countries will be required to generate 35% or more of their electrical power from renewable sources by 2020. Western European demand for wood pellets is expected to triple by that time.