Pulp Green Tech Holding (PGT), an R&D-focused company that owns Thai Gorilla Pulp Ltd., announced this week that it has successfully achieved a high-grade paper pulp made from empty palm fruit bunches, which are most often treated as waste material from the palm oil extraction process.
The company estimates that roughly 95 percent, or 300 million tons, of this raw material is currently discarded per year.
PGT says the process is highly cost-efficient and will enable investors, palm oil producers and paper pulp mills to achieve ROI of over 100% in the first year of operation, assuming the pulp is sold at a price of comparable non-wood materials.