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An innovative renewable energy company, turning agricultural waste streams into sustainable energy, while reducing coal consumption, CO2 and methane emissions, delivering a triple bottom line return (people, plant and profit) for its stakeholders.

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Even the most hardened climate change sceptic can surely agree that a waste stream is never a good thing and the more we recycle and clean up after ourselves, the better it is for us and the planet.

The biggest business opportunity of our time is to generate renewable and carbon neutral energy while recycling waste streams through a broad community-based programme.

Wilhelmina’s overall strategy extends well beyond generating a financial return for our shareholders. We also consider our social and environmental impact, and thereby meet a number of the UN’s Sustainable Development Goals (SDGs), which forms an integrated part of our business model.

Our goal is to operate with a carbon neutral impact and realise a triple bottom line return for all stakeholders along the entire supply chain; people, planet and profit. A “true” profit.

Triple bottom line


Recycle industrial agricultural waste streams into an environmentally sustainable replacement fuel for coal, a so-called “TG2 pellet™”, thereby tackling carbon dioxide (CO2) and methane (CH4) emissions and reducing coal consumption.

black_pellets TG2 Pellets from Empty Fruit Bunch (EFB)
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We recognise that coal power stations will eventually be completely shut down. However, until they do, we need to replace fossil coal with an environmentally sustainable alternative.

We don’t believe wood pellets from whole trees are the answer for biomass power or stand a chance making a meaningful impact on reducing coal consumption. Especially when billions of tons of agricultural waste is produced annually, emitting significant amounts of methane (a potent greenhouse gas, significantly worse than CO2), that can be used to produce a viable coal replacement instead.

Fruit_Bunches Empty Fruit Bunches (EFB)

For example, Empty Fruit Bunch (EFB), an agricultural waste stream from the Palm Oil industry, amounts to approximately 19 million tons per year of agricultural waste in Malaysia alone. This represents a significant biomass waste stream that can be transformed into a clean and high-energy coal replacement. If left to decay, this waste stream could produce as much as 12 million tons of methane, which is equivalent to 300 million tons of CO2.

Accordingly, we support and develop innovative technologies and processes cleaning up and recycling agricultural waste streams for renewable energy, while engaging with local communities and authorities to bring sustainable long-term impact and development.


Through a process of washing and steam explosion, we are able to produce clean, dense and high-energy TG2 pellets, that can be burned in any coal power station without costly retrofitting. Our pellets are a true coal replacement fuel while using exclusively agricultural waste.

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While CO2 is released by a coal power station when burning TG2 Pellets, the CO2 released was only just absorbed the prior year from the atmosphere by the short-rotation Palm Fruit. Therefore, we are recycling carbon, hence our TG2 Pellets are carbon neutral. We are not introducing new carbon into the atmosphere as is the case with burning fossil coal locked in the ground.

While this consideration is open for debate, when we add the significant waste clean-up and reduction of methane emissions, the balance is tipped strongly in favour of TG2 pellets over fossil coal.

As long as coal power stations form an important role in the security and stability of the power grid, we are certainly better off utilising agricultural waste, and leave the fossil coal in the ground.

We are focused on a number of SE Asian industrial agricultural waste streams such as Empty Fruit Bunch (EFB), Coconut Husks and Rubber Tree. In our first phase (2020) we are exclusively focused on EFB in Malaysia.


The Malaysian Palm Oil industry is taking steps to improve its global environmental impact. Among other things, they have established the Malaysian Sustainable Palm Oil organisation (MSPO). Accordingly, one of our company policies is that we only work with Palm Oil Mills (POMs) that are a member and support environmentally sustainable practices.

Finally, we support an ecological farming teachings programme in SE Asia using a multi-purpose farming support tree on a small-plot farmer basis. The programme generates carbon credits that we use for voluntary carbon offsetting that our supply chain may need. Any overage is sold in the market. The programme meets several of the UN SDGs as is required for carbon credits.


We are exclusively focused on the SE Asia region and in particular Malaysia, Thailand and Cambodia. These countries have significant agricultural waste streams representing meaningful triple bottom line opportunities.


By introducing state-of-the-art biomass conversion technologies and farming practices in the region, we will help transform these waste streams into valuable new energy resources that will both benefit the environment and promote social and economic development.



Maatschappij “Wilhelmina” N.V. operates as a holding and investment company since 1901. The Company provides capital to and participates in medium-sized and small businesses.

Anno 2020 Wilhelmina has taken an interest in renewable energy and related activities that are branded and managed under Wilhelmina Energy.


  • Barthold van Doorn – CEO
  • David Hiel – COO
  • Philip Scalzo – CTO
  • Mathieu Huyveneers – CFO


  • Michael Raj – Director
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Project development and management by TG2 GmbH.


Office address:
  • Wilhelmina Energy Malaysia Sdn Bhd
  • A-3A-02, Plaza Mont Kiara
  • Jalan Kiara 50480
  • Kuala Lumpur
  • Malaysia
  • Tel Europe/Switzerland:+41 (0)41 710 5370
  • Tel Asia/ Japan:+81 (0)80 40 95 3636
  • Tel SE Asia/ Malaysia:+60 12 381 8036
  • Mail:info@wilhna.com
  • Maatschappij Wilhelmina N.V.
  • Keizersgracht 555
  • 1017DR Amsterdam
  • The Netherlands
  • Tel Netherlands:+31 (0)20 3085483


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