50 SMEs to be Picked for Biomass Project

The Biomass Industries in Malaysia Sustainable

Production (Biomass-SP) project will identify 50 local small and medium

enterprises (SMEs) to participate in the commercialisation of biomass

technology with their counterparts in the European Union (EU) in two

years.

Biomass-SP chairman Tan Sri Ahmad Zaharudin Idrus said only SMEs with

proper track records, which show a great potential for commercialisation

will be picked, groomed and given access to the relevant grants, soft

loans and venture capitals.

“In two years, we plan to bring 50

EU companies here to explore the technology and have business matching

with the local firms,” he told a press conference at the EU-Malaysia

Biomass Stakeholders Forum in Kuala Lumpur yesterday.

Biomass-SP project is sponsored by the EU with a total allocation of RM9

million for the next four years.

At present, Malaysia is

producing a minimum of 168 million tonnes of biomass products like

timber and oil palm waste; rice husks; coconut trunk fibres; municipal

waste and sugar cane waste.

Earlier, in his speech, Deputy Science, Technology and Innovation

Minister Fadillah Yusof said that Malaysia wants to become a net energy

importer by 2020.

He said the ministry has taken the necessary

steps to develop a renewable energy technology in five focused areas

such as biomass, solar, wind, micro-hydro and tidal power.

“The

use of renewable energy plays an increasing role in meeting the

requirements of our energy security and the effects of climate change

due to the greenhouse gas emission,” he said.

Source : Business

Times

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