By NNN-Bernama
Boston : Felda Holdings Bhd may take a controlling stake in Twin Rivers Technologies, which is one of the largest and fastest growing oleochemical producers in North America.
Twin Rivers focuses on the manufacturing and distribution of premium quality oleochemicals.
Its capabilities and expertise include the manufacturing and distribution of fatty acids and glycerin, world-class food grade specialty esters and biofuels, according to a statement issued at the BIO International Convention 2007 which begins here today.
Both Felda and Twin Rivers will sign a memorandum of understanding (MoU) on the sidelines of BIO 2007, an international convention on biotechnology.
“Both parties will explore the feasibility of a proposed acquisition of a controlling stake by Felda in Twin Rivers,” the statement said.