PETALING JAYA: Malaysia should seize opportunities in bio-based business models, namely bio-energy, bio-agricultural, echo-products and bio-chemicals, that are capable of creating a new wave of bio-economy for economic growth.
Primary Industries Minister Teresa Kok said the four biomass businesses could help the country creating green wealth opportunities.
“Last year, in the oil palm biomass industries, seven major projects with a total investment of RM243 mil, triple that of 2017’s investment of RM78.4mil were approved.
“Foreign investment constituted RM151.4mil, representing 62%, while the domestic direct investment made up the remaining RM92.5mil” she said in her opening speech of the Malaysia Biomass Industries Seminar 2019, here yesterday.
Her text speech was read out by the ministry’s secretary-general Datuk Dr Tan Yew Chong. —- Bernama
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