The Company owns a LPG terminal in Malaysia refurbishment is required to operate. The terminal was previously owned by national oil company. The terminal has 3,000 MT capacity with two pressurized spheres. The Company plans to provide a LPG filling and bottling service for LPG players in Malaysia and sell LPG in conjunction with the filling service. LPG also will be exported to Thailand and other ASEAN countries. Discussion with major customers is ongoing.
The Company requires USD 15 million for the refurbishment and also for working capital requirements. The Terminal is currently equiped with two pressurized sphere tanks, piping, administration building, and loading/unloading bay. The terminal is located inside a port.
Anticipated IRR: 36.53%
NPV year 2024: USD 77,053,739