KUALA LUMPUR – RHB Banking Group has entered into a two-year agreement with the Malaysian Estate Owners’ Association (MEOA) to promote sustainable development in Malaysia’s plantation sector. The collaboration focuses on funding and investment prospects for plantation replanting, renewable energy uptake, decarbonisation, and worker well-being. MEOA presently has 163 members who manage almost 1.2 million hectares of oil palm and rubber estates, demonstrating the initiative’s potential scope. The collaboration could spur plantation modernisation and equipment improvements, potentially increasing demand for industrial maintenance, used lubricant collection, scheduled waste management, and resource recovery services.
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(Source: Oil Palm World)