Latest news with #BioeconomyCorp
New Straits Times
15 hours ago
- Business
- New Straits Times
Malaysia Techlympics aims to engage 1.7mil participants
KUALA LUMPUR: Malaysia Techlympics 2025 has officially kicked off, aiming to engage 1.7 million participations nationwide. It will extend its reach to international participants in a science, technology and innovation (STI) competition. The enculturation programme is organised by Science, Technology and Innovation Ministry through its agency Malaysian Bioeconomy Development (Bioeconomy Corp). Bioeconomy Corp said the competition is open to participants aged 7 to 30 and will be carried out in phases, starting at the school level. It will continue with zonal screenings across six main regions and progressing to the national finals, which is scheduled to take place in November. "The competition format combines practical challenges, real-world technology exposure and experiential learning. "The initiative also includes inclusivity, an effort on widening access and equity by reaching underserved communities and remote areas through targeted outreach initiatives," the agency said. Teacher training sessions will also be conducted to equip educators with knowledge of current technologies to integrate and can be embedded into daily education to help bridge the educational gap nationwide. Bioeconomy Corp said Malaysia Techlympics 2025 marks a pivotal step in nurturing future-ready talent and driving a culture of innovation that will shape the nation's STI landscape for generations to come. "Recognising the crucial role of Artificial Intelligence in the future economy, Malaysia Techlympics 2025 will introduce more AI-focused competitions and activities, encouraging future generations to explore and develop expertise in this critical field." Additionally, several selected competitions offer opportunities and exposure for students to gain global exposure and represent Malaysia on the world stage. Aligned with national and global priorities through support for the National STI Policy 2021-2030, Malaysia Techlympics aims to build high-impact local technological capacity.
The Star
15-05-2025
- Business
- The Star
Malaysia, Japan ink RM1.34bil green bioeconomy deals at Expo 2025 Osaka
Bioeconomy Corp chief executive officer Mohd Khairul Fidzal Abdul Razak KUALA LUMPUR: Malaysia and Japan reached a new milestone in their green bioeconomy partnership with the signing of three strategic agreements worth RM1.34 billion on May 12 at Expo 2025 Osaka in Japan. In a statement today, Malaysian Bioeconomy Development Corporation (Bioeconomy Corp) an agency of the Ministry of Science, Technology and Innovation (MOSTI) said the signing is in conjunction with launch of the MOSTI Week which is a step forward 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 commercialisation of sustainable biotechnology products, aligning with the aspirations of the National Biotechnology Policy 2.0 and global sustainability goals," it said. Bioeconomy Corp chief executive officer Mohd Khairul Fidzal Abdul Razak said 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) programme are well positioned to drive transformation in renewable energy, sustainable agriculture, and biobased products," he said. The first agreement involved renewable energy company reNIKOLA Holdings Sdn Bhd and Japan's Sumitomo Corporation to explore a joint venture in developing renewable fuels. In the second agreement, Malaysia's bioenergy company MTC Orec Sdn Bhd and IHI Plant Services Corporation entered into a collaboration for the development of biogas technology in Southeast Asia. In the third case, 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. Mohd Khairul Fidzal said the collaborations also reflect the alignment between Malaysia's commitment to sustainable innovation and the theme of the expo, 'Designing Future Society for Our Lives'. "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 said. - Bernama
New Straits Times
13-05-2025
- Business
- New Straits Times
reNIKOLA, Sumitomo to develop bioenergy projects in Malaysia, Indonesia
KUALA LUMPUR: Renewable energy company reNIKOLA Holdings Sdn Bhd has signed a memorandum of understanding (MoU) with Japanese trading house Sumitomo Corporation to jointly develop large-scale bioenergy projects in Malaysia and Indonesia. In a statement today, reNIKOLA said the MoU, signed at the Malaysia Pavilion during Expo 2025 Osaka, marks an important move towards advancing the region's clean energy transition. "The collaboration will focus on converting palm oil production residues into advanced renewable fuels, targeting the development of biomethane and low-carbon derivatives such as liquefied biomethane (LBM) and biomethanol. "This initiative aims to fortify the region's energy resilience with the conversion of palm oil wastes intosustainable fuel, while spearheading the decarbonisation of the palm oil sector," it said. It added that the collaboration aims to accelerate the transformation of Malaysia and Indonesia, the world's largest palm oil producers, into low-carbon economies. "The sustainable development driven by this partnership is expected to build a next-generation business that contributes to a carbon-neutral society by establishing a sustainable energy cycle and advancing global decarbonisation," reNIKOLA said. Managing director Boumhidi Abdelali said the company believes the partnership will support efforts to develop cleaner energy in Malaysia and Indonesia, while promoting more sustainable practices in the palm oil industry. "We are also thankful to Bioeconomy Corp for their unwavering support and recognition for our technology and expertise. "To date, we have registered our company under Bioeconomy Corp's Bio-based Accelerator Program, which aims to infuse science, technology, and strategic investments into our bioenergy business," he said, adding that the company is also in the process of obtaining BioNexus Status. BioNexus Status is a special designation by Bioeconomy Corp that offers various benefits to eligible biotechnology companies, including tax incentives, funding access, operational flexibility and infrastructure support. Sumitomo Corporation's head of Indonesia energy solutions, Takechi Muramatsu, said the company looks forward to working with reNIKOLA, which shares its focus on sustainable growth and energy transition. "By combining our expertise and resources, we aim to set new standards for innovation, environmental responsibility and low-carbon energy solutions in the region, while driving Asia's clean energy transition," he said. The MoU was signed by Abdelali and Muramatsu, witnessed by Ministry of Science, Technology and Innovation secretary general Datuk Seri Hasnol Zam Zam Ahmad.
