BiON

 

Investor Relations

Corporate Overview

BiON plc (“BiON”) operates in the renewable energy sector in Malaysia, focusing on the generation of power from biogas captured through the treatment of Palm Oil Mill Effluent (“POME”). The Company, through its subsidiaries (“the Group”), has positioned itself as a waste-to-energy solutions provider and independent power producer (“IPP”) through the construction, operation and ownership of biogas power plants providing electricity to the Malaysian National Grid.

The Group also lends its expertise as a wastewater solutions provider and EPCC contractor to palm oil mill owners in the construction and management of biogas power plants. 

Key regulatory measures introduced by the Malaysian Government include the establishment of a Feed-In-Tariff (“FiT”) mechanism, under which power produced from biogas and other renewable energy sources over a long-term contract (typically 21 years in the case of biogas), along with the requirement for certain palm oil mills to provide for the capture of methane and other waste gases.

BiON is the only company in Malaysia with two biogas power plants operating two different systems and running under the FiT mechanism, and one of only a few fully-integrated providers and operators.

The principal operating company in the Group, BiON Sdn Bhd (“BSB”) has an established track record in delivering wastewater solutions to the palm oil industry and many other sectors. Over the last 40 years, BSB has delivered numerous projects in Asia, including a World Bank-funded project and a series of biogas capture facilities for FGV Palm Industries Sdn Bhd (“FPI”), a subsidiary of FGV Holdings Bhd (“FGV”) which is the world’s largest crude palm oil producer. 

The Directors of BiON believe that the Group’s established relationships with large conglomerates which own and operate oil palm plantations and palm oil mills such as FGV and FELCRA Bhd (“FELCRA”), position it for future growth as a waste-to-energy solutions provider. The Group has developed a standalone integrated facility for processing POME to capture biogas and has an established portfolio of intellectual property comprising two registered patents and one patent application pending approval. 

BiON plc is incorporated under the laws of Jersey, with the registration number 119200. The Group’s business operations are in Malaysia with its primary office address at 73-M, Jalan Medan Setia 1, Plaza Damansara, Bukit Damansara, 50490 Kuala Lumpur, Malaysia.

On 13 May 2020, the Group commenced trading as BiON plc – having changed its name from Green & Smart Holdings plc. Below is some key information for shareholders:

  • What happened to the ordinary shares I held in Green & Smart?
    • The ordinary shares you held in Green & Smart Holdings plc continue to exist and are the same shares but held in BiON plc. There is no change to nominal value or structure of your shareholding as a result of the change of name.
  • Will I receive a new share certificate?
    • If you hold your shares in certificated form, you won’t receive a new share certificate in the new company name; your existing share certificate(s) will remain valid. Any share certificates issued following the change of name will be in the name of BiON plc.