MTC OREC
MTC OREC is a Malaysian renewable energy affiliate of MTC Group that develops turnkey biogas and biomethane EPCIC projects from palm oil waste and landfill gas, supplying utilities under long-term offtake agreements and serving oil and gas, palm oil, defense, and infrastructure clients across Malaysia and APAC.
- Company typePrivate
- Founded2019
- HeadquartersSelangor, Malaysia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What MTC OREC does
MTC OREC Sdn. Bhd. (Optimal Renewable Energy Collaboration) is a Malaysian privately-held engineering and energy company incorporated in 2019 and operating as the renewable energy affiliate of MTC Group, a diversified engineering conglomerate founded in 2009. MTCO's core capability is turnkey biogas and biomethane project development, anchored by its 45% stake in Kulim Green Energy Ventures Sdn. Bhd. (KGEV) — a joint venture with Kulim Berhad (a wholly-owned Johor Corp subsidiary) and O'Rec Ind — which owns and operates Malaysia's first biomethane plant capable of direct injection into the national gas gridline at Sedenak, Johor. The plant commenced commercial operations in June 2023 and supplies 250,000 MMBtu of biomethane annually to Gas Malaysia Virtual Pipeline under a 15-year gas purchase agreement. Two additional BioCNG plants at Tereh and Sindora mills in Kluang, Johor extend nameplate capacity by another 350,000 MMBtu/year. MTCO is also the turnkey technology provider for Greenviro's Integrated Solid Waste Management Center biomethane plant in Penang, processing landfill organic waste, and has been named Malaysian technology partner for the RM700 million Terengganu State Palm Oil Mill Biogas Upgrading Project alongside South Korean firms Polaris Bio and Sudokwon Landfill Site Management Corporation.
Beyond biomethane, MTCO delivers fit-for-purpose Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) services across the broader MTC Group portfolio, which includes Humming Bird Offshore Solutions® — a proprietary relocatable FPSO concept deployed across KMSE, Anjung Kecil, Kayu Manis South East, Jitang, and the Indonesia-based FPSO Marlin Natuna — plus naval vessel design for the Royal Malaysian Navy, civil and structural engineering consultancy, and R&D collaborations with UiTM, UTP, Universiti Malaysia Terengganu, and UniKL spanning wave energy generation, free-piston linear generators, and rocket propulsion. Revenue is generated through long-term FPSO charter arrangements (bareboat or time charter), turnkey EPCIC contracts, 15-year-plus biomethane offtake agreements, O&M managed services, and engineering consultancy fees, with sales driven through direct enterprise and government engagement, joint ventures with palm oil majors, and participation in industry events such as PIPOC, Offshore Asia Pacific Summit, and the Malaysia Bid Round.
MTC OREC firmographics
Firmographics- Name
- MTC OREC
- Legal name
- MTC OREC Sdn. Bhd.
- Website
- https://mtcgroup.com.my
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- MTC OREC is a Malaysian renewable energy affiliate of MTC Group that develops turnkey biogas and biomethane EPCIC projects from palm oil waste and landfill gas, supplying utilities under long-term offtake agreements and serving oil and gas, palm oil, defense, and infrastructure clients across Malaysia and APAC.
- Ownership category
- akta.pro rank
MTC OREC industry classification
Industry- Product category
- Renewable Energy Engineering / Biogas and Biomethane Services
- NAICS
- Oil and Gas Extraction (2111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Geothermal Power Plant EPC (EUAEAAAE)
- akta.pro secondary industries
- Plant Operations, Control & Optimization (Metallurgical Accounting, APC, Digital Twins) (IMAKALAJ), Health, Safety & Risk Engineering (Process Safety, HAZOP/HAZID, Emergency Systems) (IMAKAOAO)
Keywords
Where MTC OREC is headquartered
LocationHeadquarters
- HQ city
- Selangor
- HQ country
- Malaysia
- HQ region
- Asia
Offices3 records
Markets served
MTC OREC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- FPSO Leasing and Operations: MTC Engineering provides FPSO leasing with field production operation and turnkey development for mature and marginal fields. Revenue from charter rates (Bareboat or Time Charter) and production operations.
- Biogas/Biomethane Plant EPCIC: Turnkey Engineering, Procurement, Construction, Installation, and Commissioning (EPCIC) for biogas upgrading and BioCNG plants. MTC OREC holds 45% stake in KGEV joint venture for Sedenak biomethane project.
- Operations & Maintenance (O&M): In-house O&M team providing operations and maintenance for FPSO facilities and offshore operations.
- Engineering Consultancy: Multi-discipline design engineering for naval architecture, marine, process, mechanical, electrical & instrumentation, civil and structural services through MTC Engineering Consultancy.
- Naval Defense Engineering: Design and development of defense products including ship platform solutions for Royal Malaysian Navy, custom-build facilities for special forces, and rocket propulsion technology.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing for EPCIC, FPSO, and engineering consultancy services |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
MTC OREC product offering
Product offeringCore offering
MTC OREC provides renewable energy engineering solutions centred on biogas upgrading and biomethane production from palm oil industry waste (POME), with full turnkey EPCIC service delivery from design through commissioning. It develops, owns-equity-stakes and operates biomethane and BioCNG plants in Malaysia and delivers the technology behind the country's first grid-injected biomethane. Emerging offerings include wave energy, flare gas capture, and micro/mini LNG processing in collaboration with technology partners.
Differentiator
Problem solved
Functional benefit
Products and services
- Biomethane Upgrading Technology (POME-to-Grid) Proprietary upgrading technology that captures methane from palm oil industry waste (POME) and converts it into pipeline-grade biomethane for direct injection into Malaysia's national gas grid — the first such grid-injected biomethane plant in Malaysia.
- Sedenak Biomethane Upgrading Plant First biomethane upgrading plant in Malaysia, located at Sedenak, Johor, designed to produce 250,000 MMBtu of biomethane annually for supply to Gas Malaysia Virtual Pipeline under a 15-year gas sales agreement. Operated under Kulim Green Energy Ventures (KGEV) joint venture with MTC OREC holding 45%.
- Tereh and Sindora BioCNG Plants BioCNG plants at Tereh Mill and Sindora Mill in Kluang, Johor designed with a flowrate of 1,600 m³ per hour and annual supply of 350,000 MMBtu of bioCNG to Gas Malaysia. Converts palm oil mill waste to compressed renewable natural gas.
- ISWMC Biomethane Plant (Penang) Biomethane upgrading plant processing landfill organic waste gas for injection into the national pipeline grid, part of the Integrated Solid Waste Management Center (ISWMC) project in Penang with Greenviro. Designed to convert landfill organic waste gas into renewable biomethane.
- EPCIC Services for Renewable Energy / Biogas Full-suite turnkey Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) services for biogas upgrading and biomethane plants, covering design, engineering, construction, installation, commissioning, and operations/maintenance. Sold to palm oil operators, waste management companies and government clients.
- Micro & Mini LNG / CNG Plants Fit-for-purpose onshore gas processing facilities scaled for micro and mini LNG/CNG, leveraging non-proprietary LNG and CNG technologies to deliver economical outcomes for smaller-scale gas production. Expanded through the MTCO-Evonik partnership.
Quantifiable outcome
- Fastest FPSO conversion: 6 months from engineering to first oil
- +4 more outcomes
Companies that use MTC OREC
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles4 records
MTC OREC technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
MTC OREC partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and minor.
- Bioeconomy CorporationcoreCoordinated by Bioeconomy Corporation, the Terengganu State Palm Oil Mill Biogas Upgrading Project involves MTC OREC as Malaysian technology partner alongside South Korean companies Polaris Bio and Sudokwon Landfill Site Management Corporation. This marks the first Malaysia-Korea renewable energy project under Article 6.2 of the Paris Agreement.
- Polaris BiocoreSouth Korean company involved in the Terengganu Bio-CNG project for palm oil mill biogas upgrading, part of the RM700 million investment pipeline.
- Sudokwon Landfill Site Management CorporationcoreSouth Korean partner for the Malaysia-Korea renewable energy partnership in the Terengganu Bio-CNG project.
- EvonikcoreMTCO-Evonik partnership strengthens MTC Group's regional green energy leadership and expands capabilities toward micro and mini LNG. Partnership announced April 2026.
- Lumut Naval Shipyard (LUNAS)coreStrategic MoU formalized at DSA & NATSEC Asia 2026 to strengthen MTC's position in Malaysia's maritime and defense industry.
- Grade One Marine Shipyard Sdn BhdminorExecution contractor for KD Laksamana Muhammad Amin refit project for Royal Malaysian Navy. MTC provided design and engineering consultancy.
- PETRONAScoreMoU signed at Malaysia Bid Round 2026 advancing FPSOLNG+ for marginal field development in Malaysia.
- IHI Plant Services CorporationcoreMoU signed at Expo 2025 Osaka, Japan on 12 May 2025 to pioneer biomethane development in Malaysia. IHI is a Japanese technology provider for plant services.
- PT Hanochem Tiaka SamuderacoreConsortium partner with PT Cakra Bahana and MTC Engineering for FPSO Forel (now Marlin Natuna) project in Indonesia. Responsible for vessel conversion and modification.
- PT Cakra BahanacoreConsortium partner with PT Hanochem Tiaka Samudera and MTC Engineering for FPSO Forel project in Indonesia.
- PT PaxOcean (Batam shipyard)minorShipyard in Indonesia where FPSO Marlin Natuna conversion was completed. Achieved over 80% local content requirement.
- Equatorial Space Systems (Singapore)minorCollaboration with Singapore company for aerospace efforts. First in-flight demonstration of Equatorial Space Systems' HRF-1 hybrid rocket motor. MTC contributed space and technical assistance alongside logistical support through HEMREL lab.
- UiTM (Universiti Teknologi MARA)coreMoA and MoU for rocket technology propulsion development. Established HEMREL (High Energy Material Research Lab) at UiTM for rocket propulsion R&D. Joint ownership of lab for defense technology development.
- Universiti Teknologi Petronas (UTP)minorResearch collaboration since 2013 for Free-Piston Linear Generator (FPLG) development for offshore application. FPLG prototype to be tested onboard FPSO MTC Ledang.
- Kulim Green Energy Ventures Sdn Bhd (KGEV)coreJoint venture between Kulim (M) Bhd (wholly owned subsidiary of Johor Corp), O'Rec Ind Sdn Bhd, and MTC Engineering Sdn Bhd. MTCO holds 45% share. Develops Sedenak biomethane plant with 20-year gas sales agreement to Gas Malaysia.
- Gas Malaysia Virtual Pipeline Sdn Bhd (GMVP)coreWholly owned subsidiary of Gas Malaysia Berhad. Signed gas purchase agreement with KGEV for procurement of biomethane from Sedenak plant under 15-year contract.
- Universiti Malaysia TerengganuminorWave Generator concept collaboration producing sustainable energy for the grid. MTC's first renewable energy endeavor.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
MTC OREC competitors and assessment
Company assessmentBroad incumbents
- Neste Oyj: Finnish global leader in renewable diesel and sustainable aviation fuel produced from waste and residues. Comparable as a broader incumbent in renewable fuels from biomass/waste feedstocks, providing a strategic benchmark for MTC OREC's biomethane scale-up ambitions.
Direct peers
- BW Offshore Limited: Global FPSO contractor with floating production services focused on early production and fast-track developments. Comparable to MTC's Humming Bird fast-track, fit-for-purpose FPSO positioning for marginal and late-life fields.
- SBM Offshore N.V. Global leader in FPSO leasing, operation, and conversion with the largest installed FPSO fleet. Directly comparable to MTC Engineering's Humming Bird relocatable FPSO concept, though at materially larger scale with broader geographic reach.
- MISC Berhad: Malaysian integrated maritime and energy logistics company with FPSO operations and LNG carrier fleet. Comparable as a fellow Malaysian diversified energy and offshore services group with PETRONAS ecosystem ties.
- Dialog Group Berhad: Malaysian integrated technical services provider for oil, gas, and petrochemical industries with upstream, downstream, and renewable energy exposure. Comparable on Malaysian oil & gas EPCIC services and growing renewable energy portfolio.
- Bumi Armada Berhad: Malaysian FPSO contractor with international fleet operating for PETRONAS and other operators. Directly comparable to MTC Engineering on FPSO leasing, conversion, and O&M services, particularly for Asia-Pacific marginal field developments.
- Clean Energy Fuels Corp. US-based renewable natural gas (RNG) producer with the largest network of natural gas fueling stations. Directly comparable to MTC OREC's biomethane production business, particularly on POME/waste-to-RNG model and grid/fleet offtake arrangements.
- Sapura Energy Berhad: Malaysian integrated oil and gas services company spanning drilling, energy, and engineering. Comparable to MTC Group on multi-disciplinary engineering services for oil & gas operators and Malaysian government projects.
- MODEC Inc. Japanese global FPSO contractor providing engineering, procurement, construction, and operation services. Comparable to MTC Engineering on FPSO EPCIC and long-term charter arrangements with oil & gas operators worldwide.
- Yinson Holdings Berhad: Malaysian-based FPSO operator with global fleet and strong PETRONAS relationships. Directly comparable to MTC Engineering's FPSO leasing and operations business, with similar Malaysian home-base dynamics and customer base in Malaysian and regional operators.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
MTC OREC social profiles
Digital presenceMTC OREC compliance and trust
Trust signalCompliance1 record
MTC OREC financial estimates
Financial estimateRevenue estimate
Valuation estimate
MTC OREC leadership team
Management profileNumber of profiles
Profiles6 records
MTC OREC funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MTC OREC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MTC OREC
What does MTC OREC do?
MTC OREC provides renewable energy engineering solutions centred on biogas upgrading and biomethane production from palm oil industry waste (POME), with full turnkey EPCIC service delivery from design through commissioning. It develops, owns-equity-stakes and operates biomethane and BioCNG plants in Malaysia and delivers the technology behind the country's first grid-injected biomethane. Emerging offerings include wave energy, flare gas capture, and micro/mini LNG processing in collaboration with technology partners.
Is MTC OREC a public or private company?
MTC OREC is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MTC OREC founded?
MTC OREC was founded in 2019. It employs 11 to 50 people.
Where is MTC OREC based?
MTC OREC is headquartered in Selangor, Malaysia, in the Asia region.
How does MTC OREC make money?
Five revenue lines are on record. FPSO Leasing and Operations are the primary driver. The others are biogas/Biomethane Plant EPCIC, operations & Maintenance (O&M), engineering Consultancy and naval Defense Engineering.
Who are MTC OREC's main competitors?
Neste Oyj is listed as a broad incumbent. Direct peers are BW Offshore Limited, SBM Offshore N.V., MISC Berhad, Dialog Group Berhad, Bumi Armada Berhad, Clean Energy Fuels Corp., Sapura Energy Berhad, MODEC Inc. and Yinson Holdings Berhad.
Does MTC OREC have an API?
No public API is recorded for MTC OREC.
What industry is MTC OREC in?
MTC OREC's product category is Renewable Energy Engineering / Biogas and Biomethane Services. Its primary akta.pro industry code is EUAEAAAE, Geothermal Power Plant EPC, with a secondary code of IMAKALAJ, Plant Operations, Control & Optimization (Metallurgical Accounting, APC, Digital Twins). Its NAICS code is 2111 and its SIC code is 4991.