MALAYSIA TO BE HOME TO WORLD’S FIRST BIO-BASED CHEMICAL MANUFACTURING PLANT

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MALAYSIA TO BE HOME TO WORLD’S FIRST BIO-BASED CHEMICAL MANUFACTURING PLANT

Innovations in Green and Bio-Based Technologies in Spotlight at
Malaysia Pavilion During Week 3 of EXPO 2017

27 JUNE 2017, Astana, Kazakhstan - Malaysian Bioeconomy Development Corporation (Bioeconomy Corporation) today announced that Malaysia would soon be home to the world’s first bio-based chemical manufacturing plant as industrial biotechnology company Verdezyne prepares for the groundbreaking ceremony of the Verde Palm Plant on 30 July 2017.

The 20,000 square feet plant in the state of Johor will use palm oil to produce 10,000 metric tonnes of Dodecanedioic Acid (Diacid) per year. Diacid, which is a renewable bio-based chemical used in almost everything, from automotive parts and toothbrush bristles to cosmetics and fragrances, is much more environmentally friendly and sustainable, and will be an alternative to typical petroleum-derived chemicals.

Mr Zainal Azman, Senior Vice President of BioIndustrial, Bioeconomy Corporation, commented: “This first-of-its-kind bio-based plant showcases Malaysia’s readiness towards becoming one of the leading bioeconomy nations and is an important milestone for the country as bioeconomy plays a key role in Malaysia’s aspiration to become a high-income developed nation by 2020. To achieve this, the bio-based industry in Malaysia must step up, if not stay one step ahead, in the development of green and bio-based technologies and innovation.”

As Malaysia aims to turn the biotechnology sector into one of the key economic drivers in the nation, contributing 5% of the nation’s GDP by 2020, innovations in green and bio-based technologies will be the highlight at the Malaysia Pavilion this week at EXPO 2017.

Led by the Ministry of Science, Technology & Innovation, Malaysia (MOSTI), and implemented together with its agency Bioeconomy Corporation, which is responsible for the development and promotion of the bio-based industry in Malaysia, the “Green Innovation: Powering Your Future” Week is held from 26 – 30 June 2017. The five-day event will have talks, product demonstrations and business matching sessions that aim to disseminate information on current Science, Technology & Innovation efforts and provide a platform for Malaysian bio-based companies and entrepreneurs to tap into the vast experience, knowledge and innovation within the ecosystem while providing necessary support for the business development activities in bringing in FDIs to Malaysia.

Mr Zainal Azman, who is also the Project Director for Green Innovation Week at the Malaysia Pavilion, continued: “The Malaysian companies we have brought to participate at Green Innovation: Powering Your Growth Week here at EXPO 2017 are mainly from the green and biotechnology sectors. As active players in stimulating green growth in Malaysia, these companies serve as the main pillars in Malaysia’s bioeconomic development.”

The Malaysian companies participating in Green Innovation: Powering Your Future Week at the Malaysia Pavilion include:

1. Ronser Biotech, an integrated wastewater treatment solutions specialist that converts high organic wastewater to clean energy (biogas power generation) and clean water for other reuse purposes. At the launch of Green Innovation Week yesterday, Ronser Biotech exchanged Memorandum of Understanding (MOU) agreements worth USD20 million with Kazakhstan-based MEC LLP, which was appointed as the exclusive representative to distribute its wastewater treatment system in Kazakhstan and Central Asia.

2. Free the Seed, a manufacturer of biodegradable packaging, made from rice husks and straws, that serves as an alternative to polystyrene and plastic containers. Scheduled to deliver a talk today on “Powering Green Growth in Biomass Waste for Sustainable and Circular Economy in Bio Packaging Business”, the bio-based company will put the spotlight on the use of Malaysia’s indigenous resources, such as rice, to elevate Malaysia’s green innovation.

3. iCYCLE Malaysia, a solutions provider of waste separation and recycling, is the developer of a recycling waste management system that enables one to recycle for a sustainable environment and at the same time, collect points to be exchanged for cash, shopping coupons or donated to welfare bodies. Yesterday, iCYCLE Malaysia exchanged MOUs with representatives from Guangzhou, China and Kerala, India to operate its high technology recycling system in Tianhe District and Cochin city respectively.

4. Nanopac, a pioneer in developing and manufacturing nanotechnology-based products, including nano-based solar cell technology. With Malaysia’s strategic location along the Sun Belt, solar energy is one of the best alternative energies and a key contributor to the nation’s economic growth. Tapping into this natural resource, Nanopac has successfully created a new generation solar cell, which unlike the conventional solar panels that need to be fitted on rooftops, comes in the form of glass panels suitable to be used as windows – paving the way for the potential for an entire city to become a big renewable power generator.

5. Cube Global, a technology-based company that focuses on innovation of forest-related survey processes, forest mapping and forest inventory. With Malaysia ranking as one of the most forested and bio-diverse countries in the world, Cube Global plays a crucial role in the conservation and sustainability efforts of the nation’s forests.

6. Muhibbah Sinergia Resources, a Halal and organic products manufacturer, that will present a talk on unleashing the potential market for Halal and organic consumable products.
The other supporting agencies that are part of Green Innovation: Powering Your Growth Week are SIRIM Berhad and Yayasan Inovasi Malaysia (YIM).

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