Oiltek International Limited has secured RM37.2 million worth of new contracts across Malaysia, the Philippines, Pakistan and Africa, strengthening its order book to approximately RM350 million, the company announced on Monday.
The Singapore Exchange mainboard-listed engineering and renewable energy solutions provider, which is proposing a secondary listing on Bursa Malaysia’s Main Market, said the enlarged order book is expected to be fulfilled over the next 18 to 24 months, barring unforeseen circumstances.
The new contracts span multiple segments of the vegetable oils and renewable energy value chain. They include the design, fabrication, delivery, testing and commissioning of a 200 metric tonnes per day biodiesel plant in the Philippines; a 100 MTD physical refinery plant in Africa; a 100 MTD neutralisation plant in Pakistan; and a glycidyl esters mitigation system with an ice condensing vacuum system for an existing 700 MTD physical refinery plant in Malaysia.
Henry Yong Khai Weng, executive director and chief executive officer of Oiltek, said the contract wins reflect the group’s resilience amid shifting global market dynamics.
“Our Company has demonstrated resilience and adaptability in navigating evolving global market conditions. We continue to secure orders from the Philippines, Pakistan, Africa, and Malaysia, which demonstrates the strength of our geographically diversified business. Our expanding international footprint mitigates concentration risk and enhances revenue stability. Backed by disciplined cost management, strong supply chain execution, and long-term customer partnerships, we remain confident in our ability to deliver sustainable growth and create long-term value for our shareholders,” he said.
The contracts are expected to contribute positively to the group’s financial performance for the financial year ending 31 December 2026.
Oiltek’s latest wins come at a time when the global vegetable oils and biodiesel sectors are navigating price volatility, evolving sustainability standards and supply chain recalibrations across Asia and emerging markets.
The Philippines and Pakistan remain key growth markets for biodiesel and edible oil refining capacity, while parts of Africa continue to invest in downstream processing to reduce reliance on imported refined products. In Malaysia, upgrading refinery systems to meet stricter quality and contaminant standards, including glycidyl esters mitigation, has become increasingly important for exporters targeting premium markets.
Founded in 1980 through its principal operating subsidiary in Malaysia, Oiltek has delivered projects in more than 37 countries across five continents over its 44-year track record. Its core businesses span edible and non-edible oil refinery engineering, renewable energy solutions including biodiesel and biogas systems, as well as product sales and trading.
With RM350 million in secured orders providing medium-term earnings visibility, the group’s geographically spread project pipeline may offer a buffer against single-market exposure risks, even as competition intensifies across the engineering, procurement, construction and commissioning landscape.
For now, the company appears to be entering 2026 with a reinforced backlog and a broadened global footprint, positioning it to ride the next cycle of capacity expansion in the oils and renewable fuels sector. 