Biomass exports to EU can bring RM300mil

Malaysia’s biomass products exports to Europe and the region’s investments in Malaysia, particularly in the biomass sector, have the potential to breach RM300 million.

Head of the European Union delegation to Malaysia, Vincent Piket, said this estimate was based on enquiries the EU received from european companies via an EU-funded programme Sustainable Production of the Biomass Industries in Malaysia: Optimising Economic Potential and Moving Towards Higher Value Chain (Biomass-SP).

Piket said many European companies have expressed keen interest to collaborate in specific fields.

“Buyers are interested in bio-composite products made of rice husks, palm biomass pellets, wood pellets, palm kernel shells and biomass briquettes.

“Investors are also interested in wood pellets production plant, biomass power plant and methane capture biogas projects,” he said at the soft launch of the EU-Asia Biomass Best Practices and Business Partnering Conference 2012 in Malaysia.

The four-day conference from May 7 at the Putra World Trade Centre is an initiative under the Biomass-SP programme.

Piket said the 27-member EU expects 50 European companies to attend the conference and explore potential business and enviromental collaborations with Malaysian biomass stakeholders, small and medium enterprises and major biomass producers such as plantation companies and palm oil mills.

“This initiative will complement continuous efforts by Malaysia and EU-member states’ governments that they are moving towards low carbon green growth.

“Besides the policy, we are also promoting business collaborations in green technologies. European companies are world leaders in the eco industry and we feel the green technology sector is showing great potential in Malaysia,” he added. – BERNAMA

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