Malaysia’s KNM wins contract to build biomass project in UK

KNM Process Systems on Tuesday entered into an engineering, procurement and construction (EPC) contract agreement to develop the project known as ‘EnergyPark Peterborough’.

The contract duration is for four years with Peterborough Renewable Energy from 21 December.

KNM Group, Malaysia’s second biggest listed oil and gas services provider, says the project represents KNM’s drive into the renewable and clean energy sector.

The project is expected to contribute “positively to KNM Group’s earnings for the financial years ending 2011, 2012, 2013 and 2014”, the company says in an announcement.