Johor: Ecoscience International Bhd’s (EIB) wholly owned subsidiary, Ecoscience Manufacturing and Engineering Sdn Bhd, has secured a RM40 million contract for the construction and installation of a palm oil and fat refinery plant in Johor.

According to BERNAMA News Agency, in a filing with Bursa Malaysia, the company stated that the letter of award was accepted today from an oil process engineering company to undertake the construction of buildings and infrastructure, as well as installation works for the proposed refinery plant.

The company outlined that the contract amount is RM40 million and is anticipated to be completed on or before July 1, 2026. The company also mentioned that the contract is expected to contribute positively to its earnings, although it will not affect the share capital and substantial shareholders’ interests.