Malaysia and Japan have marked a new milestone in green bioeconomy cooperation with the signing of three strategic agreements worth MYR 1.34 billion ($310 million) at Expo 2025 Osaka.
Malaysian Bioeconomy Development Corporation Sdn Bhd, an agency under the Ministry of Science, Technology and Innovation (MOSTI), said in a statement that the agreements marked a significant step forward in advancing joint efforts 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 commercialization of sustainable biotechnology products, aligning with the aspirations of the National Biotechnology Policy 2.0 and global sustainability goals.
The first agreement involved reNIKOLA Holdings Sdn Bhd and Japanese conglomerate Sumitomo Corporation to explore a joint venture in developing renewable fuels such as biomethane and low-carbon derivatives including liquefied biomethane (LBM) and biomethanol by converting palm oil production residues.
In the second agreement, MTC Orec Sdn Bhd, a bioenergy company under the Bio-based Accelerator (BBA) program, and Japan’s IHI Plant Services Corporation entered into a collaboration for the development of biogas technology in Southeast Asia.
Meanwhile, 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.
According to Chief Executive Officer of Bioeconomy Corporation Mohd Khairul Fidzal Abdul Razak, 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) program are well positioned to drive transformation in renewable energy, sustainable agriculture, and bio-based products,” he said.
According to him, this joint effort not only generates economic value but also contributes meaningfully towards a more sustainable, low-carbon future at both regional and global levels.
He added that the collaborations also reflect the alignment between Malaysia’s commitment to sustainable innovation.
“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 added.
He also said Bioeconomy Corporation remains committed to strengthening international collaborations, expanding the innovation ecosystem, and exploring global opportunities to help local companies break into international markets in support of a more inclusive and competitive bioeconomy agenda.
Meanwhile, Malaysia Pavilion Director Ellyza Mastura Ahmad Hanipiah, commented that on behalf of Malaysia Pavilion, the firm is honored to support MOSTI’s ongoing efforts in deepening global partnerships and driving quality investments into the country.
“With a continued focus on fostering strategic collaboration, Malaysia Pavilion will remain a key platform for initiatives that unlock economic opportunities and strengthen international ties,
“In line with our target of securing at least MYR 13 billion ($3.05 billion) in potential trade and investment and attracting 1.5 million visitors, we are fully committed to positioning Expo 2025 Osaka, Kansai as a premier stage for innovation, sustainable growth, and global engagement,” he added.
UOB Malaysia and Bursa Malaysia collaborate to support SMEs on decarbonization journey