13-05-2025
- Business
- New Straits Times
Nextgreen ventures into international biofertiliser market
KUALA LUMPUR: Malaysian green technology firm Nextgreen Global Bhd has entered the international biofertiliser market with its first exports to Libya.
Through its wholly-owned Nextgreen Fertilizer Sdn Bhd, Nextgreen signed an exclusive distribution agreement with associate company P Teguh Nextgreen Sdn Bhd (PTNG) as the exclusive distributor of its biofertiliser products in Libya.
The agreement includes a commitment for PTNG to buy up to 25,000 tonnes of biofertiliser annually, comprising 20,000 tonnes of solid fertiliser and 5,000 tonnesnof liquid fertiliser.
Nextgreen managing director Datuk Lim Thiam Huat said this commitment is a significant step forward, emphasising the support received from the Libyan government.
He added that the production of biofertilisers is designed to tackle key agronomic challenges such as nutrient-depleted soil and water scarcity.
"As natural soil conditioners and plant boosters, these products improve soil health, increase nutrient uptake, and enhance water retention, which are essential benefits for sustainable farming in Libya's predominantly arid environment," he said.
PTNG also entered into a supply and purchase agreement with Libyan entities, namely Inbat Global for Importing Agricultural Machinery and Supplies (Inbat Global) and Fazzan Cooperative Association for Organic Agriculture (Fazzan).
Inbat Global will manage procurement and act as the authorised supplier to Fazzan, which will handle distribution across the Libyan market.
