Elridge Energy Holdings Bhd. Stock Analysis ELRIDGE.KL

Elridge Energy Holdings Bhd.engages in the manufacture and trade of biomass fuel products and wood pellets. The company is headquartered in Kuala Lumpur, Wilayah Persekutuan. The company went IPO on 2024-08-22. The firm is principally engaged in the manufacturing and trading of biomass fuel products, particularly Palm kernel shell (PKS), as well as wood pellets. Its PKS are biomass fuel products produced from the shell fractions left after oil is extracted from palm kernels, which are by-products produced during the palm oil milling process. Its wood pellets are in the form of cylindrical pellets. Its PKS production lines at its Port Klang Factory use its PKS process to remove impurities and separate the useful PKS from smaller particles, such as tiny stones, during its PKS manufacturing process. The company also manufactures wood pellets at its Port Klang Factory. The company caters to biomass fuel product trading companies. Its principal markets are Malaysia and international countries, including Indonesia, Japan, Singapore, China, and South Korea.