{"id":1901,"date":"2020-10-27T03:41:00","date_gmt":"2020-10-27T03:41:00","guid":{"rendered":"https:\/\/nefinco.com\/?p=1901"},"modified":"2024-11-04T04:23:46","modified_gmt":"2024-11-04T04:23:46","slug":"xsd-partners-with-nefin-to-power-up-its-plant-with-solar-energy-in-malaysia","status":"publish","type":"post","link":"https:\/\/nefinco.com\/cn\/xsd-partners-with-nefin-to-power-up-its-plant-with-solar-energy-in-malaysia\/","title":{"rendered":"XSD Partners With NEFIN To Power Up Its Plant With Solar Energy In Malaysia"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"1901\" class=\"elementor elementor-1901\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-016caf6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"016caf6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ea5d444\" data-id=\"ea5d444\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-b72a373 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b72a373\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-1e6b388\" data-id=\"1e6b388\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e79b11b elementor-widget elementor-widget-text-editor\" data-id=\"e79b11b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Photo caption (from left to right):<\/p><ul><li>Jerry Wang Ning Feng (\u738b\u5b81\u4e30), Chief Technical Engineer of XSD International Paper Sdn Bhd<\/li><li>Zhu Nai Jian (\u6731\u4e43\u5efa), Director of XSD International Paper Sdn Bhd<\/li><li>Joyce Shi Chen Ye (\u65bd\u6668\u70e8), President of XSD International Paper Sdn Bhd<\/li><li>Chong Kok Ming (\u5f20\u56fd\u660e)\uff0cSpecial Executive to the Chairman of NEFIN Group<\/li><li>Paul Dylan Lim Yung Le (\u6797\u6c38\u4e50) Business Development Manager of NEFIN Group<\/li><li>Davis Chong Chun Shiong (\u5f20\u4fca\u96c4), Group CEO of Solarvest Holdings Berhad<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-fcc9fe4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fcc9fe4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6dd5d75\" data-id=\"6dd5d75\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a067306 elementor-widget elementor-widget-text-editor\" data-id=\"a067306\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Bayan Lepas, Penang<\/strong>, 27 October 2020 \u2013 Integrated papermaking specialist, XSD International Paper Sdn Bhd (\u201cXSD\u201d) announced that it has entered into a power purchase agreement (\u201cPPA\u201d) with NEFIN Group (\u201cNEFIN\u201d).<br \/><br \/>The PPA was signed at a signing ceremony held at NEFIN\u2019s office at Penang where XSD International Paper Sdn Bhd was represented by its President, Ms. Joyce Shi ChenYe (\u65bd\u6668\u70e8), NEFIN was represented by its Special Executive to the Chairman, Mr. Chong Kok Ming (\u5f20\u56fd\u660e). Group Chief Executive Officer of Solarvest Holdings Berhad (\u201cSolarvest\u201d), Mr. Davis Chong Chun Shiong (\u5f20\u4fca\u96c4) is also present by invitation to witness the signing of the PPA.<br \/><br \/>In conjunction with the signing ceremony, XSD announced its sustainability plans. For a start, XSD will install a 9.2-megawatt (MWp) solar PV system on its planned facilities in Kulim Industrial Park located at Padang Meha, Kedah via the PPA.<br \/><br \/>The project will see NEFIN building 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-setting approximately 9369 tons carbon emissions annually. For illustration, a 30-year old tree can absorb about 193 pounds of carbon dioxide per year. Hence, the clean energy that will be produced by XSD in the new factory in Malaysia is equivalent to growing 107,021 30-year old trees for the mother Earth. The construction of the project is expected to be completed by Q3 of 2021.<br \/><br \/><strong>Ms. Joyce Shi, President of XSD<\/strong>\u00a0said, \u201cSustainability has been a vital focus for our business as we move towards \u201cGreen Papermaking\u201d and the recycling economy. We have built a value chain that employs a closed-loop system, emphasizing 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.\u201d<br \/><br \/>\u201cThe 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 Holdings Berhad for the provision of Engineering, Procurement, Construction and Commissioning (\u201cEPCC\u201d) for our solar projects. We are proud to partner with both distinguished Solar Industry Leader in this solar project, and certainly this lay the foundation for more partnership in the future.\u201d<br \/><br \/>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 the local economic growth in the area and create approximately 1,300 job opportunities to the locals in a single phase.<br \/><br \/><strong>Mr. Glenn Lim, CEO of NEFIN<\/strong>, said, \u201cWe always encourageIt is our goal to achieve carbon neutrality for our clients to consider including solar PV system intoas 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 beforestage 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 and to the wellbeing of the world.. With the in-depth industry knowledge and extensive experience of the NEFIN team, our contributions at the early design stage can effectively help maximize 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 International Paper on this project and look forward to more opportunities to contribute to a greener future for all.\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-86ca58f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"86ca58f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-3df26fc\" data-id=\"3df26fc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9613a78 elementor-widget elementor-widget-heading\" data-id=\"9613a78\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">About XSD International Paper Sdn Bhd<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7fdc418 elementor-widget elementor-widget-text-editor\" data-id=\"7fdc418\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>XSD International Paper Sdn Bhd is an integrated papermaking group that specialized in manufacturing Coated Duplex Board. The main products include various grades of coated paperboard, corrugated paper, kraft paper, speciality paper and recycled paper. Its products are widely used throughout China and exported to Southeast Asia, Middle East and other regions. The 3 phase green project of the group will produce 2.1 millions tons annual capacity while creating more than 3,000 employment opportunities. For more information on XSD, log on to :\u00a0<a href=\"https:\/\/nefinco.com\/cn\/xsd-partners-with-nefin-to-power-up-its-plant-with-solar-energy-in-malaysia\/#\">http:\/\/en.xinshengdagroup.com\/<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-74b15b2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"74b15b2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-a8bb355\" data-id=\"a8bb355\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2a5b51e elementor-widget elementor-widget-heading\" data-id=\"2a5b51e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">\u5173\u4e8e\u7acb\u76c8\uff08NEFIN\uff09\u96c6\u56e2<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2d5426 elementor-widget elementor-widget-text-editor\" data-id=\"b2d5426\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>NEFIN Group is a regional renowned solar developer with bespoke experience in solar system deployment and a committed partner to organisations to achieve carbon neutrality. Founded by core management team of DuPont Solar Business, legal expert and investment bankers, NEFIN Group has collectively delivered over 300MW of utility-scale, commercial and industrial rooftop solar systems regionally. The group offers consulting services such as due diligence, feasibility studies and lender-technical advice on top of project development, system design, engineering and asset management. NEFIN Group also offers flexible financing options to partners who opt for zero investment. Please refer to NEFIN\u2019s website\u00a0<a href=\"https:\/\/nefinco.com\/cn\/xsd-partners-with-nefin-to-power-up-its-plant-with-solar-energy-in-malaysia\/#\">www.nefinco.com<\/a>\u00a0for more information.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-8957e72 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8957e72\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-05e4584\" data-id=\"05e4584\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-badf786 elementor-widget elementor-widget-heading\" data-id=\"badf786\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">About Solarvest Holdings Berhad<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a1363e elementor-widget elementor-widget-text-editor\" data-id=\"4a1363e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Solarvest specialises in turnkey engineering, procurement, construction and commissioning (\u201cEPCC\u201d) services for solar photovoltaic (\u201cSolar PV\u201d) systems. The Group also provides operations and maintenance services of solar PV systems. It has an established track record, having completed solar PV systems for Large Scale Solar Photovoltaic (\u201cLSSPV\u201d) plants as well as residential, commercial and industrial properties. Solarvest is listed on the ACE market of Bursa Malaysia. For more information, log on to\u00a0<a href=\"https:\/\/nefinco.com\/cn\/xsd-partners-with-nefin-to-power-up-its-plant-with-solar-energy-in-malaysia\/#\">https:\/\/solarvest.my<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-aea44e0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aea44e0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-896ddd8\" data-id=\"896ddd8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c3dbe7c elementor-widget elementor-widget-heading\" data-id=\"c3dbe7c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Released on behalf of Zhejiang XSD, NEFIN and Solarvest Holdings Berhad by Capital Front Investor Relations.<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8297959 elementor-widget elementor-widget-text-editor\" data-id=\"8297959\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>For media enquiries, kindly contact:<\/strong><br \/><br \/>Name: Aileena Chong <br \/>Email: <a href=\"mailto:aileena@capitalfront.biz\">aileena@capitalfront.biz<\/a> <br \/>Tel: <a href=\"tel:012 \u2013 632 3994\">012 \u2013 632 3994<\/a><\/p><p><span style=\"text-decoration: underline;\">\u7acb\u76c8\u96c6\u56e2<\/span> <br \/>Clara Kwan <br \/>\u7535\u8bdd <a href=\"tel:852 3611 1688\">+852 3611 1688<\/a> <br \/>\u7535\u90ae: <a href=\"mailto:marketing@nefinco.com\">marketing@nefinco.com<\/a><br \/><br \/><span style=\"text-decoration: underline;\">NEFIN Group PR Agency:<\/span> Creative Consulting Group Inc. Limited <br \/>Belinda Chan\/ June Wong <br \/>\u7535\u8bdd <a href=\"tel:852-3159 2988\">+852-3159 2988<\/a> \/ <a href=\"tel:852 3159 2962\">+852 3159 2962<\/a> <br \/>\u7535\u90ae: <a href=\"mailto:belinda.chan@creativegp.com\">belinda.chan@creativegp.com<\/a>\/ <a href=\"mailto:june.wong@creativegp.com\">june.wong@creativegp.com<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-8723617 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8723617\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-9e5b418\" data-id=\"9e5b418\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ce817fa elementor-widget elementor-widget-heading\" data-id=\"ce817fa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Read More:<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df24451 elementor-widget elementor-widget-text-editor\" data-id=\"df24451\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/malaysianonlinenetwork.com\/xsd-partners-with-nefin-to-power-up-its-plant-with-solar-energy-in-malaysia\/\">https:\/\/malaysianonlinenetwork.com\/xsd-partners-with-nefin-to-power-up-its-plant-with-solar-energy-in-malaysia\/<\/a><br \/><a href=\"https:\/\/renewablesnow.com\/news\/chinas-xsd-inks-solar-ppa-with-nefin-to-light-up-paper-plant-in-malaysia-718682\/\">https:\/\/renewablesnow.com\/news\/chinas-xsd-inks-solar-ppa-with-nefin-to-light-up-paper-plant-in-malaysia-718682\/<\/a><br \/><a href=\"https:\/\/money.udn.com\/money\/story\/12987\/4968489\">https:\/\/money.udn.com\/money\/story\/12987\/4968489<\/a><br \/><a href=\"https:\/\/www.intellasia.net\/xsd-partners-with-nefin-to-power-up-its-plant-with-solar-energy-in-malaysia-825376\">https:\/\/www.intellasia.net\/xsd-partners-with-nefin-to-power-up-its-plant-with-solar-energy-in-malaysia-825376<\/a><br \/><a href=\"https:\/\/www.taiwannews.com.tw\/en\/news\/4038822\">https:\/\/www.taiwannews.com.tw\/en\/news\/4038822<\/a><br \/><a href=\"http:\/\/itpromag.com\/2020\/10\/27\/nefin\/\">http:\/\/itpromag.com\/2020\/10\/27\/nefin\/<\/a><br \/><a href=\"https:\/\/www.techritual.com\/2020\/10\/27\/238292\/\">https:\/\/www.techritual.com\/2020\/10\/27\/238292\/<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Photo caption (from left to right): Jerry Wang Ning Feng (\u738b\u5b81\u4e30), Chief Technical Engineer of XSD International Paper Sdn Bhd Zhu Nai Jian (\u6731\u4e43\u5efa), Director of XSD International Paper Sdn Bhd Joyce Shi Chen Ye (\u65bd\u6668\u70e8), President of XSD International Paper Sdn Bhd Chong Kok Ming (\u5f20\u56fd\u660e)\uff0cSpecial Executive to the Chairman of NEFIN Group Paul [&hellip;]<\/p>","protected":false},"author":1,"featured_media":1902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,1],"tags":[],"class_list":["post-1901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-13","category-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - 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