The Company has
conducted an open forum with Kwantas Oil Sdn Bhd in
Lahad Datu to solicit feed back from local stakeholders
with regards to the proposed plan to implement Inno-Works
for Mewah Palm Oil Mill and Pintasan Palm Oil mill
in the Kinabatangan district of the state of Sabah.
Mr. Andrew Pearson
Mr. Javier Rojo
During the open forum, the participants were given
an overview of the Carbon Finance Market and the
current status of the UNFCCC’s effort of CDM
projects under the Kyoto Protocol, by Mr. Andrew
Pearson – Director for Carbon Finance, Climate
Change Capital from London.
Mr. Javier Rojo as Director of Inno Integrasi also
brief the participants on the overall scheme of
Inno-Works and the integrated waste treatment technology
that the company intends to implement for Kwantas
Oil Sdn Bhd.
In brief, the questions and comments raised
by the participants covered issues such
as project sustainability (environmental,
social and economic), discharges/emissions
into the environment, economic benefits
to the industry, and impact to the local
community, especially within the river basin
where the mills are located. In addition
questions were raised on clarification of
CDM and the CDM process, its duration and
requirements and related financial aspect.
From the forum, the proposed CDM projects
received very strong support from the local
communities and NGOs.
The Company hopes to be able to engage more
Palm Oil Mill participation in Inno-Works
in the coming months.