KUALA LUMPUR: SumiSaujana Group Bhd
said its wholly-owned subsidiary SumiSaujana TCM Chemicals Sdn Bhd has inked a memorandum of understanding (MOU) with China-based polyurethane product manufacturer CoolisT Group.
In a filing with Bursa Malaysia, the group said it would collaborate with CoolisT on developing and commercialising bio-based polyols derived from renewable vegetable oils for use in polyurethane foams in CoolisT Group’s furniture and bedding products.
"This collaboration aims to accelerate the global adoption of sustainable, bio-based chemical materials that meet international environmental and performance standards," it said.
Under the MOU, SumiSaujana TCM Chemicals, which has developed proprietary bio-polyol formulations derived from renewable plant oils, will serve as the technical developer and manufacturer of the bio-based polyols, lead the R&D, pilot-scale trials, and certification processes.
It will also collaborate, where relevant, with local research agencies such as the Malaysian Palm Oil Board (MPOB) to enhance technical validation or compliance.
The group said the MOU is an opportunity to broaden its product offerings and enhance its technical capabilities. It said it provides the opportunity to produce, manufacture, market and sell bio-based polyols products internationally.
In a statement, SumiSaujana executive director and CEO Norazlam Norbi said the collaboration represents a major step forward in the group's strategy to expand beyond the oil and gas speciality chemicals segment into high-growth, sustainable industrial applications.
"By combining SSTCM’s technical capabilities with CoolisT Group’s manufacturing expertise and international market access, we are positioning SumiSaujana at the forefront of bio-based innovation in polyurethane materials.
"This partnership not only supports our Environmental, Social and Governance (“ESG”) and sustainability goals but also opens a new growth avenue in the global circular economy," he added.
