12/09/2011 (Bernama) - BioFusion Sdn Bhd, a BioNexus-status company involved in bioremediation activities for the treatment of agricultural waste and soil amelioration, plans to diversify into the industrial waste recycling business within a year.

This was expected to double the company's annual income to RM2 million from about RM1 million last year, Chief Executive Officer Dr Suhaimi Masduki told Bernama.

"A few potential partners have been identified to collaborate with us for the new business.

"The technology is a bit different from our current business as it is related more towards chemicals. It requires biological, chemical and also physical processes," he said in an interview recently.

Biofusion's current focus is on the plantation sector.

"We have to expand. We have to go somewhere else too. While what we have now is operating and commercially vible, we have also to expand," Suhaimi said.

Biofusion which received RM2.5 million in seed funding from Malaysian Biotechnology Corporation (BiotechCorp), presently has two facilities in Bintulu, costing about RM1 million each, for the recycling of oil palm wastes.

Suhaimi said the plantation sector generated a lot of waste which sometimes was not correctly managed because the process cost a lot of money.

"We provide the sector a solution and an appropriate technology for recycling the ancillary materials.

"We will provide them with several choices on how they want to recycle their wastes. If the choice made was not suitable or too expensive, we will explain to them and give an alternative that suits the plant's current situation," he said.

BioFusion is registered with the Bio-Industry Advisory Panel for bioremediation technical aspects under the United Nations Clean Development Mechanism initiatives.

BioFusion aims to provide advanced bioremediation services via in-house developed microbial technology with smart collaborative engagement with the Malaysian Agriculture Research and Development Institute (MARDI) and other local research institutes.