KUALA LUMPUR: Twelve businesses have presented their climate-related investment proposals to potential investors under the UK-funded Climate Finance Accelerator (CFA) Malaysia programme.
The businesses, which completed a nine-month technical assistance programme, represent sectors including energy, waste management, circular economy, construction, manufacturing, transport and agriculture.
In a statement, CFA Malaysia said the investor engagement event, held recently, brought together investors, financial institutions, public sector officials and businesses to explore financing and partnership opportunities.
Among the participating companies were FatHopes Energy Sdn Bhd, which is developing a sustainable aviation fuel refinery with an annual capacity of 300,000 tonnes, and IOI Palm Wood Sdn Bhd, which converts oil palm trunks into engineered wood panels.
Other participants included Entomal Biotech Sdn Bhd, which converts food waste into insect protein and organic fertiliser, and Nichcom Go Sdn Bhd, which develops electric vehicle charging infrastructure.
The remaining businesses were ByoMax Pte Ltd, Hangterra Bamboo Sdn Bhd, Materials In Works Sdn Bhd, MEC ClearWaste Bhd, Qarbotech Sdn Bhd, Sage Promaster Sdn Bhd, Tigasfera Greentech Sdn Bhd and ZetaTech Sdn Bhd.
British High Commissioner to Malaysia Ajay Sharma said the programme demonstrated how Malaysia and the UK could collaborate to attract private investment into climate-related projects.
"By connecting the UK's strengths in finance, technology, and professional services with Malaysia's own capabilities and growing opportunities, we can help mobilise more private capital into the transition," he said.
PwC Malaysia deals partner and infrastructure leader Kay-Li Kim said the programme had helped participating businesses strengthen their business models, refine investment proposals and improve their readiness to engage investors.
She said the initiative aimed to connect businesses with capital while supporting Malaysia's climate mitigation and climate change preparedness priorities.
Implemented by PwC Malaysia, the CFA is funded by the UK government's Department for Energy Security and Net Zero through its International Climate Finance programme.
The initiative operates in 10 countries, including Malaysia, India, Indonesia, Vietnam and Thailand, to develop bankable low-carbon projects and improve access to climate financing.
