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Malaysia To Attract RM3 Billion Investments In Biomass Projects - Mustapa
Malaysia To Attract RM3 Billion Investments In Biomass Projects - Mustapa
12/10/2016 (Bernama) - Malaysia is expected to attract RM3 billion investments in biomass projects between 2017 and 2018, said Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed.
He said currently, the local and foreign industry players were in talks on the high-technology projects which would offer lucrative returns.
"Once they start, we will have the potentials to create a biomass hub in the region because we have vast biomass resources such as oil palm wastes.
"The projects will include investors involved in the plantation and waste sectors," he told reporters after launching the International Biomass Conference Malaysia (IBCM 2016) here today.
Earlier, Mustapa said, in the first half of this year, the Malaysian Investment Development Authority (MIDA) approved 12 biomass projects worth RM151.3 million.
"The projects included the use of empty fruit bunches and palm oil mill effluents to produce organic fertilisers.
"Last year, MIDA approved 40 biomass projects worth RM724.9 million with RM423 million from domestic investment and the rest foreign investment," he said.
The IBCM 2016 brought together local and international players in the biomass value chain to discuss the state of the industry and how to move it forward.
He said currently, the local and foreign industry players were in talks on the high-technology projects which would offer lucrative returns.
"Once they start, we will have the potentials to create a biomass hub in the region because we have vast biomass resources such as oil palm wastes.
"The projects will include investors involved in the plantation and waste sectors," he told reporters after launching the International Biomass Conference Malaysia (IBCM 2016) here today.
Earlier, Mustapa said, in the first half of this year, the Malaysian Investment Development Authority (MIDA) approved 12 biomass projects worth RM151.3 million.
"The projects included the use of empty fruit bunches and palm oil mill effluents to produce organic fertilisers.
"Last year, MIDA approved 40 biomass projects worth RM724.9 million with RM423 million from domestic investment and the rest foreign investment," he said.
The IBCM 2016 brought together local and international players in the biomass value chain to discuss the state of the industry and how to move it forward.