Boilermech

What Boilermech does

Boilermech, legally known as BM GreenTech Berhad (formerly Boilermech Holdings Berhad), is a Malaysia-based environmental technology and biomass boiler manufacturer founded in 2005 and publicly listed on Bursa Malaysia since 2011 (stock code 168, ticker BMGREEN). The company designs and manufactures fully customisable bi-drum water tube boilers (6–130 TPH capacity, steam up to 435°C and 55 barg) firing biomass fuels including palm waste, bagasse, rice husk, wood chip, and sawdust, with three proprietary combustion grate systems (vibrating, reciprocating, fixed). Its product portfolio spans industrial biomass boilers, general industrial packaged boilers (fire tube/reverse flame), commercial and industrial solar PV systems (BM Green Energy), total water treatment and biogas solutions (BM TEK), emission control systems (wet scrubbers, electrostatic precipitators, bag filters), and the proprietary M.O.R.E. (Megasonic Oil Recovery Enhancer) ultrasonic oil-recovery technology licensed from Australia's CSIRO.

The company sells primarily B2B to palm oil mills, biomass power generation facilities, and general industrial customers through a direct enterprise sales force, complemented by industry-event presence (PowerGen Asia, PIPOC, IPOC, POMREQ). Manufacturing is concentrated at an 8.8-acre ASME-certified facility in Subang Jaya, Malaysia, with a 22-acre expansion site secured at Pulau Indah and a localised boiler manufacturing plant acquired in Surabaya, Indonesia. Revenue is generated through project-based one-time equipment sales (RM110 million-class transactions such as the Kaneka Malaysia biomass steam plant), after-sales service contracts, EPCC solar PV projects (including 0-upfront-payment financing), licensed-technology deployments, and water-treatment solutions.

In July 2024, BM GreenTech completed an RM110 million (~USD 25M) acquisition of Plus Xnergy Holdings Sdn Bhd, marking its strategic pivot into a multi-vertical clean-energy platform and triggering the rebrand from Boilermech Holdings Berhad. Operating geographies span Malaysia and Indonesia with shipments reaching Africa and Central America. Headcount sits at 101–250 employees and the group operates through wholly-owned subsidiaries including Boilermech Sdn Bhd, PT Boilermech Manufacturing Indonesia, BM Green Energy, OreTech, BM TEK Sdn Bhd, and Tera Sdn Bhd.

Name

Boilermech

Legal name

BM GreenTech Berhad

Website

https://boilermech.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

BM GreenTech Berhad (formerly Boilermech) is a Malaysia-listed environmental technology group that designs and manufactures custom biomass boilers for palm oil mills and biomass power plants, with diversified offerings in solar PV, water treatment, emission controls, and CSIRO-licensed ultrasonic oil recovery, serving industrial customers across Southeast Asia and select Africa/Central America markets.

Ownership category

akta.pro rank

Product category

Industrial Biomass Boilers

NAICS

Power Boiler and Heat Exchanger Manufacturing (33241)

SIC

Fabricated Plate Work (Boiler Shops) (3443), Engines & Turbines (3510)

akta.pro primary industry

Biomass Combined-Cycle & Advanced Power Plants (e.g., BIGCC) (EUAAAGAF)

akta.pro secondary industries

Biomass Combustion & Boiler Island Technology (Grates, Fluidized Bed, Burners) (EUAAAGAG), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Industrial Boilers, HRSGs & Steam Generators (IMAHAFAF), Boiler Installation & Replacement (HSAOACAC)

Keywords

• Biomass boiler manufacturing
• Industrial steam boilers
• Palm oil mill equipment
• Water treatment solutions
• Solar PV systems

Headquarters

HQ city

Puchong

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Biomass Boiler Manufacturing and Sales: Design, manufacturing, and sale of custom biomass boilers to palm oil mills and power generation facilities. Revenue is one-time per unit with long sales cycles.
2. General Industrial Packaged Boiler Sales: Sale of Fire Tube, Reverse Flame and Three-Pass Wet Back Steam Boiler for general industries including petrochemical, with RF Series (1,000-5,000 KG/hr) and WB Series (6,000-32,000 KG/hr)
3. Solar PV Systems (BM Green Energy): Commercial, industrial and utility-scale solar PV systems with financing options and long-term investments. Revenue includes EPCC (engineering, procurement, construction, commissioning) services.
4. After-Sales Services: Professional troubleshooting, repair & refurbishment works, maintenance contracts, spare parts supply, and system upgrades. Can be engaged on contract basis or one-off consulting.
5. Oil Recovery Technology: M.O.R.E. technology for palm oil mills to improve oil recovery. Licensed from CSIRO.
6. Water Treatment Solutions (BM TEK): Total water solutions for raw/potable water, pure water, industrial effluent, palm oil mill effluent, boiler/cooling water treatment. Also includes biogas solutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Boilermech designs, manufactures and sells customisable bi-drum water tube biomass boilers (6-130 TPH) primarily for palm oil mills and biomass power generation facilities. The company also supplies general industrial fire tube packaged boilers, commercial and industrial solar PV EPCC solutions, water treatment and biogas systems, emission control equipment, and the CSIRO-licensed M.O.R.E. ultrasonic oil recovery technology, supported by after-sales maintenance and refurbishment services.

Product overview

Boilermech (BM Greentech Berhad) is a diversified environmental technology solutions provider in Southeast Asia, originally a biomass boiler manufacturer founded in 2005 and now publicly listed on Bursa Malaysia since 2011. The company operates a platform-plus-subsidiary model consisting of Industrial Biomass Boiler (customisable bi-drum water tube boilers for palm oil and biomass power generation), General Industrial Packaged Boiler (fire tube/reverse flame steam boilers for general industries), Power Plant/Solar PV (BM Green Energy EPCC solutions for commercial and utility-scale solar), Water Treatment (BM TEK subsidiary covering raw water, pure water, and effluent treatment plus biogas solutions), Emission Controls (dust filtration systems for regulatory compliance), M.O.R.E. (Megasonic Oil Recovery Enhancer by OreTech subsidiary for ultrasound-based palm oil recovery), and After Sales support services. The portfolio forms an integrated offering for palm processing and biomass power generation industries with additional solar and water treatment capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Boilermech Energy: Biomass boiler manufacturing subsidiary specializing in design, manufacturing, installation and commissioning of bi-drum water tube boilers.
• BM Green Energy / BM Cleantech
• OreTech
• BM TEK
• Tera

Products and services

• Industrial Biomass Boiler Fully customisable bi-drum water tube biomass boiler with various combustion grate options (vibrating, reciprocating, fixed) designed for palm waste and other biomass fuels including Empty Fruit Bunch, fibre, kernel shell, bagasse, rice husk, wood chip and sawdust. Capacity range 6-130 TPH with saturated or superheated steam up to 435°C and pressures up to 55 barg. Sold to palm oil mills, biomass power generation facilities, and industrial customers.
• General Industrial Packaged Boiler (BMFT) Fire Tube, Reverse Flame and Three-Pass Wet Back Steam Boiler designed for general industries, including petrochemical industries, with customisation for hazardous zone classification. Supports firing with natural gas, diesel, fuel oil (LFO/MFO/HFO), and dual fuel combinations. RF Series: 1,000-5,000 KG/hr F&A 100°C at 10-17 Barg; WB Series: 6,000-32,000 KG/hr F&A 100°C.
• Commercial and Industrial Solar PV Power Plant Total EPCC (Engineering, Procurement, Construction, Commissioning) solution for commercial, industrial and utility-scale solar PV systems. BM Green Energy provides customised premium solar PV systems with financing options and long-term investments, including 0 Upfront Payment and NEM/GITA tax incentive support.
• Water Treatment Solutions Total water solutions through BM TEK subsidiary covering raw/potable water, pure water, industrial effluent, palm oil mill effluent, boiler/cooling water treatment, and test equipment. Also offers biogas solutions including Biogas Modified Covered Lagoon (MCL) and Anaerobic Digestion Tank.
• Emission Controls Integrated dust filtration systems to comply with Environmental Quality (Clean Air) Regulations 2014 emission limits of 150mg/Nm³ or lower. Solutions include Wet Scrubber, Electrostatic Precipitator, Bag Filter, and High Efficiency Dust Collector.
• M.O.R.E. (Megasonic Oil Recovery Enhancer) Ultrasonic-based oil recovery technology licensed from CSIRO (Australia) that maximises separation of crude palm oil from sludge. Uses ultrasonic transducers in a reaction chamber to agglomerate emulsified oil particles for easy recovery in clarifiers. Modular skid design with no chemical enhancers required. Sold to palm oil mill operators seeking yield improvements.
• After-Sales Service and Maintenance Comprehensive after-sales support including boiler repair and refurbishment, fuel efficiency improvements (air preheater, economiser, superheater), fuel handling systems, combustion system upgrades, condition assessment, preventative maintenance, spare parts supply, PLC & SCADA control systems, and engineering consulting. Engaged on contract basis or one-off consulting.

Quantifiable outcome

• 30,000 tonnes annual carbon emissions reduction
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core and minor.

• CSIRO (Commonwealth Scientific and Industrial Research Organisation)coreTechnology or IntegrationLicense agreement for M.O.R.E. (Megasonic Oil Recovery Enhancer) technology. CSIRO, Australia's national science agency, provides the proprietary ultrasonic technology for oil separation and recovery in palm oil mills. This partnership gives Boilermech exclusive rights to commercialize the technology in the palm oil industry.
• Thai Biogas Engineering GroupminorStrategic or Co-development PartnerCollaboration with established biogas engineering group in Thailand to develop Biogas Modified Covered Lagoon (MCL) and Anaerobic Digestion Tank for the palm oil industry. Through this partnership, BM TEK has developed improved biogas solutions for palm effluent treatment.
• BAC Renewable Energy / BACRE GebengminorOthersBAC Renewable Energy subsidiary BACRE Gebeng is leading the RM31 million biomass steam plant project at Kaneka Malaysia's chemical complex. Boilermech's technology and equipment are being utilized in this green steam project.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Alfa Laval: Manufactures heat exchangers, boilers, and process equipment used in palm oil processing and power generation — closely comparable to Boilermech's heat-transfer equipment and process plant offerings.
• Valmet: Supplies biomass-fired boiler islands and power plant solutions for the pulp, paper and bioenergy sectors, including palm oil mills in Southeast Asia — comparable product portfolio and customer base.
• ANDRITZ: Global supplier of biomass-fired boilers, evaporators, and recovery boilers for the pulp, paper, and palm oil industries — directly overlapping with Boilermech in biomass combustion technology for palm oil mills.

Broad incumbents

• Doosan Enerbility (Doosan Heavy Industries): Korean industrial OEM producing power and heat generation boilers including biomass-fired units — competes for utility-scale biomass projects in ASEAN with broader geographic and product reach.
• Mitsubishi Power: Global power generation OEM with biomass and waste-to-energy boiler technology; competes with Boilermech in larger utility-scale biomass projects though as part of a much wider portfolio.
• Cleaver-Brooks: North American industrial boiler and burners manufacturer with packaged fire-tube boilers serving food processing, chemical, and general industry — analogous product offering and aftermarket model.
• Babcock & Wilcox: Established global industrial boiler and steam generation manufacturer with significant biomass and waste-to-energy capability — competes for large-scale industrial steam projects though with a much broader portfolio.

Emerging players

• Thermax: Indian industrial boiler and energy solutions provider with biomass and waste-heat recovery boiler offerings across Southeast Asia — comparable B2B industrial customer profile and emerging market presence.
• Hurst Boiler & Welding Co: Manufacturer of biomass, wood-fired, and hybrid boiler systems for industrial steam and power applications — comparable niche player focused on biomass combustion technology.
• Cochran: UK-based industrial packaged boiler manufacturer supplying steam solutions to process industries — comparable packaged boiler (fire-tube, reverse-flame) product line to Boilermech's BMFT series.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/boilermech-holdings-bhd

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boilermech