XSD and NEFIN come together in the use of solar energy to fight climate change

From left to right: Jerry Wang Ning Feng, Chief Technical Engineer of XSD International Paper Sdn Bhd Zhu Nai Jian, Production and Technical Director of XSD International Paper Sdn Bhd Joyce Shi Chen Ye, President of XSD International Paper Sdn Bhd Chong Kok Ming,Special Executive to the Chairman of NEFIN Group Paul Dylan Lim Yung Le, Business Development Manager of NEFIN Group Davis Chong Chun Shiong, Group CEO of Solarvest Holdings Berhad

The PPA was signed at NEFIN's office where XSD was represented by its President, Ms. Joyce Shi ChenYe, and NEFIN was represented by its Special Executive to the Chairman, Mr. Chong Kok Ming. In conjunction with the signing ceremony, XSD announced its sustainability plans to install a 9.2 MWp solar PV system on its planned facilities in Kulim Industrial Park, located at Padang Meha, Kedah, Malaysia.

The project will see NEFIN build a solar PV system that consists of approximately 21 000 solar PV panels that will collectively generate over 13.5 million kWh clean energy and off-set approximately 9369 tpy of carbon emissions. For context, a 30 year old tree can absorb approximately 193 lb of carbon dioxide per year. As such, the clean energy that will be produced by XSD in the new factory in Malaysia will be equivalent to growing 107 021 trees that are 30 years old. The construction of the project is expected to be completed by 3Q2021.

Ms. Joyce Shi, President of XSD said, "Sustainability has been a vital focus for our business as we move towards ‘Green Papermaking’ and the recycling economy. We have built a value chain that employs a closed-loop system, emphasising on reuse, remanufacture, and recycle, starting from our point of collection of raw materials to production and waste management. In line with our goal to be a socially responsible and environment-friendly enterprise, we use recyclable materials such as wasted paper and adopts wasted water processing system to produce our paper products."

"The inking of this agreement further strengthens our cause, and we look forward to power up our operations with clean renewable energy generated from this project. This is just the beginning of our green initiatives in Malaysia and we have earmarked a RM35 million investment target for combination of green initiatives which include water and air system as well as this solar PV system project. We intend to build a green paper industry park here and we are currently in talks with several industry leaders to roll out the plans, such as NEFIN and Solarvest for the provision of Engineering, Procurement, Construction and Commissioning (EPCC) for our solar projects. We are proud to partner with both distinguish Solar Industry Leader in this solar project, and certainly this lay the foundation for more partnership in the future."

XSD made its foray to Malaysia in 2018 with a RM1.2 billion investment plan to develop a green paper industry park in Kulim, Kedah as part of its relocation plans into the Southeast Asia market. The development will help spur local economic growth in the area and create approximately 1300 job opportunities to the locals.

Mr. Glenn Lim, Chief Executive Officer of NEFIN said "It is our goal to achieve carbon neutrality for our clients as our contribution towards the fight against climate change. One of the most optimum way to reduce carbon footprint for commercial and industrial businesses is the planning stage for new factories or buildings are being designed and constructed, transforming the way we build. This is essential for long-term planning, and especially important for corporates that aim to contribute to sustainable development. With the in-depth industry knowledge and extensive experience of the NEFIN team, our contributions at the early design stage can effectively help maximise clean energy generation, cost saving and ensure seamless integration of the solar PV systems with the buildings. We are very proud to be working with XSD on this project and look forward to more opportunities to contribute to a greener future for all."

Read the article online at: https://www.energyglobal.com/solar/02112020/xsd-and-nefin-come-together-in-the-use-of-solar-energy-to-fight-climate-change/