Deputy Minister of Investment, Trade, and Industry, Liew Chin Tong, underscored Malaysia’s need to view biomass as the primary raw material for emerging advanced fuels and other eco-friendly industries, reported NST.com.
He stressed the government’s commitment to strengthening the biomass sector, noting that biomass is often regarded as a byproduct of the palm oil industry.
“The shift in mindset entails recognizing biomass as an essential facilitator for the development of new, high-value-added industries that align with the objectives outlined in the New Industrial Master Plan 2030,” he stated in a press release issued by the Malaysian Investment Development Authority (Mida).
A session held at Mida Sentral yesterday convened key stakeholders from the biomass ecosystem, demonstrating a collective effort to attract high-value investments and advance Malaysia’s journey towards achieving net-zero carbon emissions by 2050.
The session underscored Malaysia’s dedication to fostering sustainable investments in the biomass sector, which is vital for meeting its net-zero target by 2050 in accordance with the 2016 Paris Agreement.
