Latest news with #FHE
Economic Times
6 days ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : Optalysys Launches Innovative Blockchain Server
17 Jun 2025 | 01:55:10 AM IST Optalysys has unveiled a groundbreaking server for blockchains that processes data securely without decryption, using 40% less energy than traditional GPU systems. In recent developments, Optalysys has introduced the LightLocker node, touted as the world's first server designed for blockchain applications that utilizes Fully Homomorphic Encryption (FHE). This innovation promises to enhance secure computing while significantly reducing energy consumption. Meanwhile, H100 Group is making strides in the cryptocurrency space, aiming to raise up to $79 million to bolster its bitcoin investment strategy, with Blockstream CEO Adam Back already contributing $15 million. In a notable shift, JPMorgan Chase has filed a trademark for its crypto platform, JPMD, indicating a deeper commitment to digital assets, despite CEO Jamie Dimon's previous skepticism. Additionally, Binance is actively engaging its community with the launch of its 24th Exclusive Token Generation Event featuring Bombie (BOMB) and a new two-phase claiming system for its Alpha Airdrops, set to begin on June 19, 2025. These developments reflect a growing trend of traditional finance embracing cryptocurrency, while innovative startups continue to push the boundaries of blockchain technology. Show more
Yahoo
14-06-2025
- Business
- Yahoo
Is Frontier Energy (ASX:FHE) In A Good Position To Deliver On Growth Plans?
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. So, the natural question for Frontier Energy (ASX:FHE) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at December 2024, Frontier Energy had cash of AU$14m and such minimal debt that we can ignore it for the purposes of this analysis. Importantly, its cash burn was AU$13m over the trailing twelve months. That means it had a cash runway of around 13 months as of December 2024. While that cash runway isn't too concerning, sensible holders would be peering into the distance, and considering what happens if the company runs out of cash. Depicted below, you can see how its cash holdings have changed over time. View our latest analysis for Frontier Energy Frontier Energy didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. Over the last year its cash burn actually increased by 36%, which suggests that management are increasing investment in future growth, but not too quickly. However, the company's true cash runway will therefore be shorter than suggested above, if spending continues to increase. Admittedly, we're a bit cautious of Frontier Energy due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow. Given its cash burn trajectory, Frontier Energy shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash and drive growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate). Since it has a market capitalisation of AU$103m, Frontier Energy's AU$13m in cash burn equates to about 13% of its market value. As a result, we'd venture that the company could raise more cash for growth without much trouble, albeit at the cost of some dilution. Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Frontier Energy's cash burn relative to its market cap was relatively promising. We don't think its cash burn is particularly problematic, but after considering the range of factors in this article, we do think shareholders should be monitoring how it changes over time. Separately, we looked at different risks affecting the company and spotted 6 warning signs for Frontier Energy (of which 3 are concerning!) you should know about. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts) Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
26-04-2025
- Business
- The Star
Jet fuel refinery to break ground
All smiles: Nik Nazmi (centre, in blue), with the chairman of BZI, Sheikh Khaled Zayed Saquer Zayed Alnahyan (third from right) witnessing the strategic cooperation agreement signing ceremony between BZI and FHE represented by Shamir (third from left) and Vinesh (second from right) in Kuala Lumpur. — Bernama Partnership with UAE poised to transform aviation sector, operational by 2029 KUALA LUMPUR: Airlines will have greater access to sustainable aviation fuel (SAF) with the setting up of a state-of-the-art refinery in Port Klang, a US$500mil (RM2.19bil) collaboration between UAE-based Bin Zayed International Group (BZI) and Malaysia's FatHopes Energy (FHE). The two firms announced that the facility – among the first of its kind in South-East Asia – will be one of the world's most forward-looking SAF refineries. It is expected to transform the regional clean aviation landscape by producing SAF via the Hydroprocessed Esters and Fatty Acids pathway, which currently accounts for over 80% of global SAF production. According to BZI (Malaysia) Berhad managing director Datuk Seri Dr Shamir Kumar Nandy, the project is slated to break ground in 2026 and begin commercial operations by 2029. 'We are underwriting the entire sum for now by ourselves. Based on FatHopes' findings and updates, they're in the process of getting the necessary approvals and sanctions before they can break ground. 'So I believe that will be a year down the road – about 12 months from today,' he said at a press conference here yesterday. Also present at the announcement was Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad. Shamir said the partnership combines BZI's global investment expertise and FHE's leadership in sustainable biofuel feedstock aggregation, laying the groundwork for a highly diversified and scalable SAF platform in the region. He added that the Port Klang refinery is a key element in Malaysia's ambition to produce one million tonnes of SAF annually, solidifying the nation's role in the global SAF economy. 'This initiative has the potential to reimagine the future of flight,' said Shamir. 'It's about profit, people and the planet – but most importantly, it's for the planet,' he added. FHE chief executive officer Vinesh Sinha said the project, currently in the feasibility stage, will have a production capacity of 300,000 tonnes per annum, requiring roughly 330,000 tonnes of feedstock. He noted the technology in use can process various feedstocks, guided by prevailing policies and certifications. While BZI has fully committed to the financing, Vinesh highlighted that the primary challenges in the refinery's development are technical in nature. 'There's a lot of input materials we need – hydrogen and nitrogen, which are major components of the manufacturing process. 'We are in the midst of identifying sources for those. Then there's the port infrastructure, which is also a key factor. 'On our end, we are really focused on technical readiness and securing environmental impact assessment clearance for this particular plant,' Vinesh added. Earlier in his speech, Nik Nazmi called the project a 'game-changer' for Malaysia's energy and aviation sectors, noting its alignment with the country's climate goals under the Paris Agreement. 'Air travel is essential, but it must become sustainable. This refinery will help decarbonise the aviation sector while enhancing our energy security and supporting Malaysia's net-zero aspirations,' he said. Nik Nazmi also highlighted the project's socio-economic value, saying it will create jobs and benefit communities involved in the biofuel supply chain. 'This project shows that sustainability and economic opportunity can go hand in hand.'
The Sun
25-04-2025
- Business
- The Sun
Malaysia well-positioned to drive decarbonisation in global aviation: Nik Nazmi
KUALA LUMPUR: Malaysia stands to be the future global hub for clean aviation fuel as there is a growing global urgency for decarbonisation and Malaysia's untapped potential. Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad said with global aviation shifting towards green solutions, Malaysia is seizing the opportunity to lead by building on its strengths in logistics, infrastructure, and policy. 'I urge Malaysian entities to step up and explore synergistic collaborations that will strengthen Malaysia's position in the global green energy landscape,' he said during the signing ceremony between Bin Zayed International (M) Bhd (BZI) and Malaysia-based FatHopes Energy (FHE) today. BZI and FHE have affirmed their commitment to invest RM2.19 billion (US$500 million) to develop the world's first integrated sustainable aviation fuel (SAF) refinery in Port Klang. According to Nik Nazmi, the strategic partnership between BZI and FHE signals Malaysia's emergence as a significant player in the global clean energy and low-carbon economy. 'The development of a world-scale SAF refinery in Malaysia is of immense strategic importance. This investment will serve as a catalyst for far-reaching transformation across our energy and aviation sectors.' Nik Nazmi said that by reducing reliance on imported SAF and unlocking Malaysia's potential as a regional producer and exporter, the country is paving the way for a more self-reliant and competitive green economy. This project addresses one of the most pressing challenges – decarbonising the aviation sector, he added. 'The development of the SAF refinery will contribute meaningfully to decarbonise the aviation sector, enabling the aviation company to meet their emissions reduction target, supporting energy transition and contributing towards Malaysia's net-zero aspiration,' Nik Nazmi said. BZI managing director and Bin Zayed (S) Pte Ltd executive director Datuk Seri Shamir Kumar Nandy said the partnership with FHE is more than a business venture. 'It is a statement of our long-term commitment to Malaysia and the region. We believe this project can anchor Malaysia's leadership in the global SAF economy while supporting regional decarbonisation goals and ESG-aligned industrial growth,' he said. Although the percentage of equity BZI will hold in FHE is still being finalised, Shamir Kumar confirmed that the company will be underwriting the full RM2.19 billion cost of the refinery. 'We are fully committed to getting this refinery up and running – whatever it takes. With solid financial backing, we are moving forward confidently, driven by our belief in the project's long-term sustainability and commercial potential,' he said. Construction is expected to begin within the next 12 months, pending regulatory approvals and environmental clearances. The project targets a final investment decision by mid-2026, with commercial operations set to begin by 2029. According to FHE CEO Vinesh Sinha, the refinery, which is currently in the feasibility stage, could produce up to 300,000 tons of SAF annually. This will require an estimated 330,000 tonnes of feedstock, predominantly waste-based oils such as used cooking oil and other residual fats, sourced through FHE's extensive network across Southeast Asia and India. The refinery will adopt a multi-feedstock approach, supported by FHE's proprietary digital traceability platform that ensures supply chain integrity and emissions transparency from collection to production. 'This is not just about building a plant. It is about creating an ecosystem that transforms waste into value, enables industrial decarbonisation, and propels Malaysia into the next era of clean aviation,' Vinesh said. Malaysia's domestic feedstock alone would not be sufficient to sustain the plant's operations, he added, hence the importance of regional sourcing. 'Malaysia is a small country in terms of population, and we do not generate the required volume of waste oils locally. Our supply chain has grown over the last 15 years to cover most of Southeast Asia and parts of India,' he said. Vinesh acknowledged the project will face technical and regulatory challenges, including major infrastructure upgrades at Port Klang and securing key inputs such as hydrogen and nitrogen. 'As the first facility of its kind in Malaysia and the region, we're working closely with authorities to chart the way forward,' he said. While the long-term vision is for SAF to be produced in Port Klang to serve Malaysia's domestic aviation sector, he said the refinery is being designed with flexibility in mind to accommodate both local and export markets. 'We are hopeful that Malaysia will adopt stronger SAF mandates, which would allow all the fuel to be consumed locally. But initially, we will balance domestic supply with export demand, depending on policy frameworks and offtake agreements.' While the long-term goal is to serve Malaysia's domestic SAF demand, contingent on future government mandates, Vinesh said the facility will initially balance both local and export markets, adjusting as the regulatory environment evolves. 'If the 47% mandate comes into play, we could see all of it used domestically.'
Free Malaysia Today
25-04-2025
- Business
- Free Malaysia Today
BZI to invest US$500mil for fuel refinery in Port Klang
BZI Malaysia managing director Shamir Kumar Nandy (front row, second from left) and FHE CEO Vinesh Sinha (front row, second from right) during a signing ceremony between BZI and FHE for a sustainable aviation fuel refinery plant. KUALA LUMPUR : Bin Zayed International (BZI) has inked a deal with FatHopes Energy (FHE) to invest an estimated US$500 million (approximately RM2.19 billion) in a sustainable aviation fuel (SAF) refinery plant to be built in Port Klang, Selangor. The plant, set to break ground 12 months from today, is said to be the world's first integrated SAF refinery. BZI Malaysia managing director Shamir Kumar Nandy said the company was also negotiating for a stake in FHE. 'At the moment, we are still negotiating the percentage that we would acquire. 'However, moving forward, our commitment is to take up the entire investment for the building of the refinery,' he told reporters after the signing ceremony here today. FHE CEO Vinesh Sinha said the refinery plant would have a SAF production capacity of 300,000 tonnes per annum, requiring 330,000 tonnes of feedstock. He said the feedstock, sourced from Southeast Asia and beyond, would be mainly waste and residue from used retail and commercial cooking oils. He said once the oil had been refined into SAF, it would be introduced to the domestic market. Vinesh said FHE was currently focused on obtaining the necessary approvals from the government before the construction of the plant, while navigating other challenges such as sourcing for input materials like hydrogen and nitrogen for the refinement process. The project, set to advance in phases over the next 12 months, aims for a final investment decision by mid-2026, with commercial operations targeted for 2029. The ceremony was also attended by BZI chairman Sheikh Khaled Zayed Saquer Zayed Alnahyan and natural resources and environmental sustainability minister Nik Nazmi Nik Ahmad. Nik Nazmi said the collaboration between BZI and FHE positioned Malaysia as a frontrunner in clean aviation fuels, aligned with the National Energy Transition Roadmap, and supported Asean's collective climate goals. Last November, BZI made headlines after it withdrew from the RM40 billion 99-island Langkasuka land reclamation project in Langkawi, Kedah. At the time, Shamir said the group had withdrawn from the project to focus on more promising, realistic and high-potential opportunities. BZI entered into an agreement with private company Widad Business Group Sdn Bhd in March 2021 to form a special-purpose vehicle called Widad BZI Sdn Bhd for the Langkasuka project.
