Both parties would also leverage on each other’s technical expertise and know-how to develop a formulation to be used in the creation and production of palm oil-based industrial adhesives.
The project comprises two phases – workable formulation stage (Phase 1) and commercialisation stage (Phase 2). For Phase 1, MPOB will conduct research and development (R&D) to create a workable formulation using its patented technology to produce polyols.
Under Phase 2, TGSB shall then produce polyols using Malaysian palm oil or its derivatives based on the formulation and to create a new type of industrial adhesives and ultimately commercialising the product.
“This is a major milestone for the Group and we are excited by the potential of this Project,” Techbond managing director Lee Seng Thye said.
“We look forward to working hand in hand with MPOB to be pioneer in the palm oil-based industrial adhesives using local sustainably-sourced palm oil. We will also be sharing our resources such as R&D capabilities facilities and technical expertise in order to create this first-of-its-kind industrial adhesives.”
“Techbond places huge emphasis on R&D and therefore we are delighted with this out-of-the-box innovative idea. One would ordinarily not have thought that it is possible to turn palm oil, which is hydrophobic or water repellent, into adhesives.
“But we are confident this idea is very much possible and doable. We believe we will create industrial adhesives that is non-toxic with little to none formaldehyde emission levels, based on preliminary in-house assessment.”
“Upon successful commercialisation of the product, we can showcase to the world yet another one of the many beneficial use of palm oil, which bodes well with our country’s initiatives to promote the Malaysian palm oil industry globally.
“Besides playing our part as a responsible corporate citizen, this is also part of Techbond’s strategy to widen our product range. The environmentally-sustainable palm oil-based industrial adhesives would open up new opportunities for us to serve higher-end client markets across various industries, and thus enhancing our market presence.”
Source: The Borneo Post