Asia

Malaysia: The Next Bioplastic Destination?

Malaysia is keen on valorizing its significant volume of palm tree biomass into biobased chemicals and bioplastics. Malaysia reportedly produces  around 80 million tons/year of biomass waste.

Last year, the Malaysian Investment Development Authority (MIDA) announced that MyBiomass Sdn Bhd, a unit of the Malaysian Industry-Government Group for High Technology (MIGHT), plans to start-up  production at its industrial bio-refinery plant in Johor by end-2016 with a groundbreaking scheduled in the fourth quarter this year.

The biorefinery will have an annual production capacity of 60.000 tons of high-value green chemicals using palm biomass waste. The project will involve an investment of between 300-400 million.MYR (Malaysian Ringit) equivalent to 65 to 90 million Euros

As far as foreign investment is concerned, France-based METabolic EXplorer, Texas based Glycos Biotechnologies and California based Verdezyne (among others)  have planned renewable chemicals capacity investments in Malaysia in the short term.

One comment

Leave a Reply