Malaysian nanotech firm signs RM257mil MoU with Swiss company


MoU exchanged: Cheng (second from left) exchanging MoU documents with GC Global CEO founder, Raffael Wullschleger, witnessed by Syed Mohamad Bakri (centre) and Bioindustrial senior vice-president Zainal Azman Abu Kassim (left). – Bernama

ASTANA, KAZAKHSTAN: A Malaysian nanotechnology company at the Astana Expo 2017 here has exchanged a US$60mil (RM257mil) memorandum of understanding (MoU) with a Swiss-based company.

Nanopac (M) Sdn Bhd and GC Global Consulting GMBH exchanged the MoU at the expo’s Malaysian pavilion yesterday in the presence of Malaysian ambassador to Kazakhstan Syed Mohamad Bakri Syed Abd Rahman.

According to Nanopac chief operating officer Datuk Cheng Kok Leong, GC Global was interested in its nano light energy panel as well as its self-sustaining toilet.

He added that the Swiss company wanted to apply the self-sustaining toilet technology in the boat manufacturing industry.

“We have technology which enables toilet waste to be treated immediately,” said Cheng.

He added the system used fuel-cell technology, which does not require waste to be taken elsewhere to be treated.

“The fuel-cell technology is a new technology, which is coupled with an electrolysis kind of concept to treat toilet waste,” he said, adding that the system was very efficient and used minimal electricity and water.

He said GC Global was keen on the environmentally friendly aspect of the technology.

“Now if you go to the toilet in a boat, the waste is discharged into the sea.

“They are concerned about this in Europe and saw the potential in our product,” said Cheng.

He added the treated sewage can be safely discharged into the sea and the water reused in the flush system.

Astana Expo 2017 kicked off on June 10 with the participation of some 100 nations and more than 10 international organisations.

The theme of the 93-day expo is “Energy of the Future”, which is aimed at addressing the global problem of energy consumption.

Week three of the expo from June 26-30, is a joint collaboration by the Science, Technology and Innovation Ministry, Bioeconomy Corp, Yayasan Inovasi Malaysia and Sirim Bhd.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , astana , Nanopec ,

Next In Business News

Indonesia stock market to publish more details on company shareholding ��
Australian shares set for best day since mid-June as Democrats' win sparks rally
Bursa Malaysia rallies as oil prices fall after US midterms
Ringgit opens higher ahead of expected OPR hike
Bank of England poised to hike rates for first time in 3 years
Singapore's DBS flags uncertain outlook as market volatility drives Q3 profit miss
Trading ideas: SunCon, Binastra, Velesto, Waja, Sapura Industrial, Jati, Pioneer, RedPlanet, Ni Hsin, Paramount, Ancom, Public Bank, IOI, Ho Hup, MyDCD, KEB
Positive view on UEM Sunrise’s latest land deal
Velesto secures PETRONAS Carigali drilling contract to deploy Naga 3
Samaiden order book to benefit from Cress, battery storage

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read