News Update : November 2002
APO receives another
Best Performance Award for 2002
At the 2002 SET Awards, held at the Cardiff in Wales, Alpha Palm Oil received the trophy for Best Performance from a company with market Capitalization up to 3 billion Ringgit.
This is the third occasion in recent years that APO has been recognized with the top award. Finalists were selected from almost 500 companies and judging was carried out in three rounds. Performance criteria in the final selection included Return on Investment, Return on Equity, Earnings Growth and Return to Investors over a three year period
In addition to these key performance criteria, in selecting finalists for Malaysia’s CEO of the year award, the judges considered the company’s long term strategic planning, human resource development and corporate social responsibility. It was noted that Alpha Palm Oil has played an important leadership role in introducing new technologies in advanced oil palm breeding, environmental protection and renewable energy production.
News Update : November 2002
Forbes Europe Best under a Billion Awards
Alpha Palm Oil Director
receives the award from Mr Steve Forbes,
Editor-in-Chief of Forbes Asia
Alpha Palm Oil has been awarded a place in the prestigious 2002 list of Forbes Asia Best Under a Billion. Out of 12,335 eligible medium sized companies in the Asia Pacific region the Forbes list comprises the top 200 best performers based on profitability, growth, modest indebtedness and analyst opinion on future prospects.
At the 2002 awards dinner in Singapore, Mr Steve Forbes, Editor-in-Chief of Forbes International, commented that in 2002 roughly 600 companies passed the judges’ performance criteria, down from over 1,000 in past years. He noted that this is an indication of how tough a year it has been with unprecedented dislocations in the global economy. Despite this, many medium sized companies have seized new opportunities and he was pleased to welcome these new entrants to the 2002 list of 200 Best Performers.
In accepting the award, Alpha Palm Oil Managing Director acknowledged that it was indeed an honour for APO to be one of just four Malaysia companies selected to join this internationally recognized group of successful businesses.
News Update : October 2002
APO presentations to international conferences
On 11th November Mr. Paul Vincent Leonardi was invited to present a APO paper to the MPOB International Palm Oil Congress in Malaysia. The paper reviewed the results of the company’s three CDM Biogas projects and was co-authored by several engineers and the company’s technical consultants.
On 24th September Mr. Paul Vincent Leonardi was invited to present an Alpha Palm Oil paper to the Fedepalma International Palm Oil Conference in Colombia, South America. The paper co-authored with Dr Palat Tittinutchanon considered the key factors driving the rapid expansion of oil palm planting in Malaysia, including the success of the APO breeding programme in providing a new generation of high yielding oil palm seeds, especially suitable for the dryer growing conditions.
News Update : October 2002
Completion of third APO Biogas Project
The setup captures methane biogas to reduce
greenhouse
gas emissions from waste water
In October 2002, Alpha Palm Oil completed construction of the company’s third biogas project to be built under the United Nations Clean Development Mechanism (CDM). The huge anaerobic digester contains 60,000 cubic metres of waste water, also referred to palm oil mill effluent (POME). Bacteria within the digester break down the organic content of the POME, and emit methane biogas which is captured under the large balloon cover. By capturing and utilizing the methane the company is achieving a significant reduction in damaging greenhouse gas emissions while also creating a new source of renewable energy.
Three gas engine generators installed at the CDM biogas project
The methane biogas captured in the digester is first cleaned of impurities then used to fuel three specialist gas engines to generate electricity for sale to the Provincial Electricity Authority
Powerhouse at the CDM Biogas Project
The powerhouse containing the three gas engines is connected through transformers to the provincial electricity grid. When the crushing mill is operating at its full capacity of 60 tonnes fruit per hour it is expected that the biogas project will supply up to 2.7 Megawatts of electricity to the grid. This renewable source of energy is replacing electricity previously generated by fossil fuels.
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