MBIC Corporate Dinner 2015

MBIC Corporate Dinner 2015 

30 July 2015 | Concorde Hotel, Kuala Lumpur 

Launching of the Malaysia Biomass Industries Review 2015/2016 – RM4 billion biomass projects ready to take off 

KUALA LUMPUR – The Malaysia Biomass Industries Confederation (MBIC) has launched the Malaysia Biomass Industries Review 2015/2016 at its Corporate Dinner event on 30 July 2015 at Concorde Hotel Kuala Lumpur. This event was launched by YB Dato’ Mah Siew Keong, Minister in the Prime Minister’s Department and attended by more than 300 biomass stakeholders both public and private sectors including high-level and senior management representatives from the Government such as Ministry of Water, Energy and Green Technology (KeTTHA), Malaysia External Trade Development Corporation (MATRADE), Malaysian Investment Development Authority (MIDA), Sustainable Energy Development Authority (SEDA) and Malaysian Timber Industry Board (MTIB), among others.

The Review gives an overview of the Malaysian biomass industries focusing on 4 types of major feedstock available namely, oil palm biomass, woody biomass, rice biomass and municipal solid waste (MSW). It also dissects the utilizations which are divided into 4 main sub-sectors which are bio-agriculture, bio-energy, eco-products and bio-chemicals with more than 25 value-added innovations identified and presented in an easy-to-read format. Other useful contents of this 124-page publication include the Snapshot of Biomass Who’s Who in Malaysia and the information on financing option for the biomass industries in Malaysia.

Dato’ Leong Kin Mun, the President of MBIC revealed that Malaysian biomass SMEs are exporting their products and services with the value of at least RM4 billion and 4 Malaysian biomass companies who are MBIC members, are currently preparing for IPO in the near future. The Malaysia biomass industries have been interacting with various foreign entities in 6 key areas including funding, technology transfer, market research, research & development and commercialization, foreign direct investment and import-export of biomass products & services. There are strong interests from various foreign entities inclusive of multinational corporations (MNCs), technology providers, venture capitalists, international donors, biomass users/traders/investors are keen on the above mentioned areas.

Dato’ Leong also commended the Government for supporting the biomass industry via various incentives, grants and soft-loan schemes. MBIC also presented the Malaysia Biomass Industries Recognition Awards to two biomass companies at the event. Mr. Chang Khong Keong, the Chief Executive Officer of CHE Group Bhd. receives the Global Export Excellence Award for their rapid business growth in renewable energy engineering services in Vietnam, Cambodia and The Philippines with projects valued at USD1.0 billion taking off in 2016. The other award recipient, Mr. Danny Ng, Managing Director of MTS Fibromat Sdn. Bhd. receives the Entrepreneurial Excellence Award for the high-value of biomass utilization, providing total bioengineering solutions in the field of erosion control, slope protection and river bank rehabilitation.

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