Malaysia, Japan Ink RM1.34 Bln Green Bioeconomy Deals At Expo 2025 Osaka
KUALA LUMPUR, May 15 (Bernama) -- Malaysia and Japan reached a new milestone in their green bioeconomy partnership with the signing of three strategic agreements worth RM1.34 billion on May 12 at Expo 2025 Osaka in Japan.
In a statement today, Malaysian Bioeconomy Development Corporation (Bioeconomy Corp) an agency of the Ministry of Science, Technology and Innovation (MOSTI) said the signing is in conjunction with launch of the MOSTI Week which is a step forward by both nations to drive the low-carbon and bio-based economy agenda, in line with global sustainability commitments.
"The collaborations involve the development of renewable energy and the commercialisation of sustainable biotechnology products, aligning with the aspirations of the National Biotechnology Policy 2.0 and global sustainability goals," it said.
Bioeconomy Corp chief executive officer Mohd Khairul Fidzal Abdul Razak said Japan’s selection as Malaysia’s strategic partner in innovation and technology reflects the strength of global cooperation to advance green economic growth and address global climate challenges.
"Malaysia is proud to showcase the nation’s bioeconomy potential to the global market through strategic collaborations such as this.
"While leveraging Japan’s expertise in green innovation, BioNexus status companies and those under the Bio-based Accelerator (BBA) programme are well positioned to drive transformation in renewable energy, sustainable agriculture, and biobased products," he said.
The first agreement involved renewable energy company reNIKOLA Holdings Sdn Bhd and Japan's Sumitomo Corporation to explore a joint venture in developing renewable fuels.
In the second agreement, Malaysia's bioenergy company MTC Orec Sdn Bhd and IHI Plant Services Corporation entered into a collaboration for the development of biogas technology in Southeast Asia.
In the third case, BioNexus status company Glyken Bio Products Sdn Bhd signed a memorandum of agreement and supply contract with Japan’s Respect Co Ltd for the distribution of its bird’s nest glycopeptide-based products in the Japanese market.
Mohd Khairul Fidzal said the collaborations also reflect the alignment between Malaysia’s commitment to sustainable innovation and the theme of the expo, ‘Designing Future Society for Our Lives’.
“It’s not just about accelerating market access and technology transfer, but also about creating opportunities for the joint development of solutions to address climate change, energy security and economic resilience," he said.
-- BERNAMA