MARKET DEVELOPMENT
Biomass Industry Needs A Balanced Portfolio
Biomass Industry Needs A Balanced Portfolio
11/06/2015 (Bernama) - Malaysia's biomass industry needs to move from the upstream focus of selling commodities to a balanced portfolio of downstream higher value added activities to boost the country's export revenue.
In making this call, Minister in the Prime Minister's Department Datuk Mah Siew Keong said the federal government was looking at providing various incentives, to help boost the biomass industry.
"We should move from just exporting commodities like palm oil. We have other natural resources but not utilising it, and this gives us an advantage over other countries.
"We should change waste from the biomass industry to some valuable chemical or even energy, and other products to increase export revenue," he told reporters on the sidelines of the Biomass Conference 2015 here Wednesday.
Earlier in his speech, Mah said changes in the silo mentality and business model of all parties involved, was crucial towards building sustainable and profitable industries, while making Malaysia a premier biomass-processing regional hub.
He also said continuous innovation, by both industry and government was key to remaining relevant and competitive in today's global economy.
Mah said the industry should seek facilitation from the National Biomass Strategy Delivery Unit led by the Malaysia Innovation Agency (AIM), a task force that deals with players and stakeholders, on biomass activities in the country.
In making this call, Minister in the Prime Minister's Department Datuk Mah Siew Keong said the federal government was looking at providing various incentives, to help boost the biomass industry.
"We should move from just exporting commodities like palm oil. We have other natural resources but not utilising it, and this gives us an advantage over other countries.
"We should change waste from the biomass industry to some valuable chemical or even energy, and other products to increase export revenue," he told reporters on the sidelines of the Biomass Conference 2015 here Wednesday.
Earlier in his speech, Mah said changes in the silo mentality and business model of all parties involved, was crucial towards building sustainable and profitable industries, while making Malaysia a premier biomass-processing regional hub.
He also said continuous innovation, by both industry and government was key to remaining relevant and competitive in today's global economy.
Mah said the industry should seek facilitation from the National Biomass Strategy Delivery Unit led by the Malaysia Innovation Agency (AIM), a task force that deals with players and stakeholders, on biomass activities in the country.