By Tengku Noor Shamsiah Tengku Abdullah

PUTRAJAYA, June 9 (Bernama) — Bio Fuel Sdn Bhd, producer of bio fuel additive, is seeking local and foreign partners for its plan to expand globally.

Its chief executive officer/president, P. muguntha, who is responsible for developing the palm oil-based fuel additive, said the product offered growth potential with the rising global fuel prices.

“Companies can also explore carbon credit trading with the use of this environment-friendly additive,” he told Bernama in an interview here.

Muguntha said he was willing to work with any government in the world and oil company to help reduce harmful emission into the atmosphere and also help consumers save on fuel usage, as well as cushion the impact of spiralling fuel prices.

He said fuel additive would cut petrol, diesel and heavy fuel consumption and lower emission such as carbon monoxide, carbon dioxide and hydrocarbon.

Muguntha has been involved in the sale and distribution of fossil fuel additive in India for over 10 years.

“It took me five years to develop the additive using palm oil and it can be used in petrol and diesel engines, in industrial boilers, power plants, in ships that used heavy fuel, and all all types of machinery that use fossil fuel to power them,” he said.

He said samples of his products had been tested and approved by Sirim QAS International Sdn Bhd on emission reduction, engine performance and fuel savings.

Currently, Muguntha said, he was in the midst of negotiations with several foreign and local corporations to start manufacturing plants in big fuel consuming countries like the US, Europe and China.

Muguntha, who is also president of the Indian Chamber of Commerce and Industry Selangor, said he had spent over RM3 million on research and development.

Unlike factor plants and power plants, he said, private cars and commercial vehicles like buses, lorries and heavy machiery like tractors would see significant improvement on engine performance within a shorter time frame.

“I ventured into fuel additive research after reading the environment damage caused by the burning of fossil fuel and also due to the spiralling cost of global crude oil.

“Since I was already involved in the sale and distribution of fuel additive in India, I decided to fund my own bio fuel additive research on palm oil,” he said.

Asked how his product would fare in the local and global markets where similar products could also be found, he said his additive has been tested using global standards and by big corporations which adopted stringent in-house testing and monitoring.

Muguntha hoped to kick off with production of the additive within next three months in Pulau Indah.

He said he would seek funds from the government under the small and medium enterprises to speed up production process.

He said his targeted markets included the Association of South-East Asian Nations, China, India, Europe and the Middle East.

– BERNAMA

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