KUALA LUMPUR, July 6 – JPG Greenergy Ventures Sdn Bhd, a subsidiary of Johor Plantations Group Berhad (JPG), has been awarded BioNexus Status by the Malaysian Bioeconomy Development Corporation under the Ministry of Science, Technology & Innovation (MOSTI). This recognition highlights the company’s innovative transformation of palm oil mill effluent into valuable biomethane and its commitment to achieving net zero emissions by 2050. BioNexus Status provides benefits such as fiscal incentives, funding, investment facilitation, and advisory services to qualified companies.
Minister of Science, Technology & Innovation, YB Tuan Chang Lih Kang, visited JPG’s Sedenak oil palm estate and biomethane plant, witnessing the groundbreaking initiative. JPG has also secured a 15-year gas-purchase agreement with Gas Malaysia Green Ventures Sdn Bhd, contributing significantly to Malaysia’s renewable energy goals by injecting purified biomethane into the Natural Gas Distribution System. This project aligns with the 12th Malaysian Plan and the National Biotechnology Policy 2.0, promoting sustainable industrial biotechnology and advancing the nation’s decarbonization efforts.
