Elridge Energy commits RM45 million to activated carbon production
The investment will use internally generated funds, with production at the Pulau Indah plant expected to start in two phases in 2027.
Elridge Energy Holdings Bhd will spend RM45 million on equipment for a new activated carbon business in Pulau Indah, Selangor, according to its filing. The venture involves manufacturing and selling the material for applications including water treatment and industrial purification.
The equipment order was placed by wholly owned subsidiary Lumeria Power Sdn Bhd, which accepted a quotation from United Equipment Services (M) Sdn Bhd. The cash purchase covers six integrated production chains, including their installation and commissioning.
Elridge expects commercial output from the first three chains in 1HFY2027, with designed capacity of 10,800 tonnes a year. Production from the other three chains, also providing annual capacity of 10,800 tonnes, is expected to begin in 2HFY2027.
At full operation, the plant is expected to produce up to 21,600 tonnes annually based on its designed capacity. Elridge expects this in 2HFY2027, the second half of its financial year ending Dec 31, 2027.
Internal funds will finance the entire investment, without using initial public offering proceeds, Elridge said. Its cash and bank balances stood at approximately RM198 million on June 30, 2026.
The company plans to serve industrial manufacturers, processing facilities and water treatment operators in Malaysia, as well as selected foreign markets such as China and Japan. The venture extends its palm kernel shell biomass activities downstream, but operations can begin only after Lumeria Power obtains the required permits, approvals and licences.
