Elridge Energy Holdings Berhad
MMYX:ELRIDGE0.97
MYR
+0.00
(-0.52%)
Elridge Energy Holdings Berhad
MYX:ELRIDGE
(Bursa Malaysia)
Recent
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0.97
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ratio
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div
yld
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ROIC.AI
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- Business
- Elridge Energy Holdings Berhad is an investment holding company that specializes in the manufacturing and trading of biomass fuel products for industrial heat and renewable energy generation. Operating primarily through its subsidiary Bio Ene-Fit Sdn Bhd, the company provides sustainable biofuel alternatives to fossil fuels for power utilities, industrial manufacturing plants, and multinational energy trading firms. Its core product portfolio comprises Palm Kernel Shells (PKS), including raw and crushed palm kernel shells used as high-calorific biomass feedstock; and Wood Pellets, produced from compressed sawdust, wood shavings, and forestry residues. The company distributes its products domestically and exports extensively across the Asia-Pacific region, with primary export destinations including Japan, Singapore, and Indonesia. Founded in 2013, Elridge Energy Holdings Berhad is headquartered in Klang, Selangor, Malaysia. In recent developments, the company completed its initial public offering on the ACE Market of Bursa Malaysia in August 2024, raising gross proceeds to finance large-scale operational capacity expansions. To support escalating export demand from renewable power plants, the company has undertaken major geographic and operational expansions, developing new biomass manufacturing facilities in Kuantan (Pahang), Johor, and Sabah, while securing multi-year biomass supply agreements with major international trading partners and expanding its portfolio of certified sustainable biomass fuels under recognized industry certification schemes.