MARKET DEVELOPMENT
Malaysian Firms Urged To Venture Into Biomass Sector
Malaysian Firms Urged To Venture Into Biomass Sector
09/04/2014 (Bernama) - Malaysian companies should be aggressive in venturing into the renewable energy sector, said the Malaysia-German Chamber of Commerce.
"Malaysia should go out more often and conquer the market due to the advantages and huge potential that the country has in the biomass sector, which derives mainly from its oil palm industry," MGCC General Manager Thomas Brandt told reporters today after a briefing in conjunction with MGCC's annual green technology delegation to Germany.
Brandt said many German companies are coming to Malaysia in search of partnerships, especially in the supply of machinery and technologies.
"The biomass sector is very attractive and people realise the potential in the area," he said, adding that the government has also given it priority with its "National Biomass Alternative Strategy Initiative" to tap the country's huge potential.
"We have the machines that can process any material such as wood and palm oil waste into pellets and briquettes, while Malaysia has the biomass resources," he added.
Brandt said Germany needs the pellets and briquettes for heating purposes, while Malaysia may utilise the pellets for cooling purposes.
MGCC expects 20 to 30 local delegates for the business trip to Germany on June 18-27, which aims to create business matching opportunities for Malaysian and German companies.
It was reported that until September 2013, the value of bilateral trade between both countries was at RM29.35 billion with Malaysia's exports at RM12.55 billion and imports totalling RM17.3 billion.
Germany is among the countries with the largest investments in Malaysia over the past 30 years, and the biggest in terms of investments within the EU.
Among its exports are electronic and electrical products, scientific products, and rubber and chemical products. Some 300 German firms have invested in Malaysia.
"Malaysia should go out more often and conquer the market due to the advantages and huge potential that the country has in the biomass sector, which derives mainly from its oil palm industry," MGCC General Manager Thomas Brandt told reporters today after a briefing in conjunction with MGCC's annual green technology delegation to Germany.
Brandt said many German companies are coming to Malaysia in search of partnerships, especially in the supply of machinery and technologies.
"The biomass sector is very attractive and people realise the potential in the area," he said, adding that the government has also given it priority with its "National Biomass Alternative Strategy Initiative" to tap the country's huge potential.
"We have the machines that can process any material such as wood and palm oil waste into pellets and briquettes, while Malaysia has the biomass resources," he added.
Brandt said Germany needs the pellets and briquettes for heating purposes, while Malaysia may utilise the pellets for cooling purposes.
MGCC expects 20 to 30 local delegates for the business trip to Germany on June 18-27, which aims to create business matching opportunities for Malaysian and German companies.
It was reported that until September 2013, the value of bilateral trade between both countries was at RM29.35 billion with Malaysia's exports at RM12.55 billion and imports totalling RM17.3 billion.
Germany is among the countries with the largest investments in Malaysia over the past 30 years, and the biggest in terms of investments within the EU.
Among its exports are electronic and electrical products, scientific products, and rubber and chemical products. Some 300 German firms have invested in Malaysia.