KUALA LUMPUR, May 15 – In a significant move towards sustainable energy integration, Malaysia is intensifying efforts to propel high-value investments in circular bio-economy, particularly focusing on palm-based biomass. A key session convened at MIDA Sentral today brought together industry stakeholders to underscore Malaysia’s commitment to sustainable development and its goal of achieving net-zero carbon emissions by 2050.
The session, graced by Deputy Minister of Investment, Trade and Industry (MITI) YB Liew Chin Tong, alongside esteemed officials including Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, and MIDA’s Chairman YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, emphasized the critical role of biomass as a feedstock for advancing green industries. Deputy Minister YB Liew Chin Tong stressed the imperative of viewing biomass as a catalyst for new and high-value-added industries, aligning with Malaysia’s industrial vision outlined in the New Industrial Master Plan 2030.
The discussions also shed light on investment opportunities in high-value biomass products like biogas and biofuels, underscoring Malaysia’s commitment to fostering a circular economy for a sustainable future. Despite challenges, including fluctuations in the biomass sector, Malaysia remains steadfast in its pursuit of sustainable investments crucial for achieving its net-zero target by 2050.
