On 2 May 2024, Malaysia took a significant step forward in its commitment to sustainable energy with a focus on palm-based biomass, following the National Biomass Action Plan 2023-2030. The Biomass Roundtable 2024, held at MIDA Sentral, brought together key stakeholders to foster high-value investments and support Malaysia’s goal of net-zero carbon emissions by 2050.

The guest of honour, Deputy Minister of Investment, Trade and Industry (MITI), YB Liew Chin Tong, emphasised the transformative potential of biomass, encouraging its use as a crucial feedstock for advanced fuels and green industries. This aligns with the New Industrial Master Plan (NIMP) 2030, which aims to foster economic growth through innovative technologies.

Insightful presentations on “Overall Biomass Investment and Prospects” and “Palm-Based Biomass Market Trends” unveiled exciting opportunities in biogas and biofuels, showcasing Malaysia’s potential leadership in renewable energy sector.

This roundtable underscored Malaysia’s proactive approach to promoting sustainable investments, crucial for achieving its Net-Zero Target by 2050 as outlined in the Paris Agreement 2016.