Owing to the increasing demand for biodiesel worldwide, FJB ventured into the storage of biodiesel in 2006 when it established a joint venture company, Langsat Bulkers Sdn Bhd (LBSB), with Tanjung Langsat Port Berhad.
The JV was sealed on 20th July 2006.
LBSB was established to capture the increasing demand for biodiesel storage worldwide. The facility in Tanjung Langsat, Pasir Gudang caters specifically for this product.
It is a dedicated storage terminal for biodiesel products developed to support the Malaysian government's efforts to develop biodiesel industry in Malaysia. However, the Company can also handle and store other vegetable oil products such as crude and acid products. The total storage capacity is 20,800 MT.
• Date Of Incorporation : 21 March 2006
• Authorized Capital : RM10.0 million
• Paid-Up Capital : RM7.0 million
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