Several foreign companies and investors have expressed interest in studying and investing in biomass and bioenergy production using cashew nut shells and branches in Cambodia.
Biomass plays a vital role in the transition to clean and sustainable energy systems.
The 8th Biomass & Bioenergy Asia Conference held in Ho Chi Minh City, Vietnam on November 27-28, brought together industry leaders, experts, and investors to discuss the latest advancements and opportunities in biomass and bioenergy across the region.
The Vice President of the Cashew Nut Association of Cambodia (CAC), Suy Kokthean, who took part in the conference last week, told Khmer Times yesterday that the conference focused on the potential of producing biomass from discarded cashew nut byproducts, particularly the shells and branches that farmers trim and discard.
Kokthean said that foreign investors from around the world, especially from Europe have shown significant interest in biomass derived from cashew nut shells and branches.
“Cashew nut shell biomass represents a valuable opportunity for clean energy production and waste reduction, especially in countries with significant cashew production like Cambodia,” he said.
“My presentation aimed not only to attract Vietnamese investors but also to engage investors from around the world, particularly those from Europe who have shown interest in exploring biomass opportunities in Cambodia. I gave a presentation to a big company from Europe that expressed interest in investing $500 million in biomass projects in Southeast Asia,” Kokthean said.
According to Kokthean, a major company will officially visit Cambodia in January 2025 for a study, and he will guide them in meeting with representatives of the government, particularly from the Council for the Development of Cambodia to seek advice and recommendations regarding the investment project.
“If we can attract investors, our farmers will no longer face difficulties in disposing branches that they cut. Instead, they can sell the branches for biomass production, providing them with additional income to support their farming activities,” he added.
Cashew nut shells are the de-shelled nuts left as a residue from the main product, the cashew nuts. The physical and chemical characteristics of cashew shells make them a great substitute for fossil fuels. Biomass refers to organic materials derived from plants, animals, and microorganisms that can be used as a renewable energy source.
According to the Ministry of Agriculture, Forestry and Fisheries (MAFF), cashew nut shells can be sold for approximately $115 to $130 per tonne and processed into oil or used in metal incinerators.
