IBCM 2017: Malaysia’s Rise as an Innovative Biomass Economy

New Biomass Economy based on Waste to Wealth, incorporating New Circular Economy Models, Digital Agriculture with intense economic, sustainability and Rural Development agenda

Kuala Lumpur, 11 October 2017 – The International Biomass Conference Malaysia 2017 (IBCM 2017) will outline Malaysia’s evolution in the nation’s Waste to Wealth pursuit, based on biomass, that will include applications into multi stream product concepts of bio-refining, with a main focus on the country’s potential in the sector with massive developments in areas of digital agriculture and rural development that will be critical enablers for this new sustainable economic model.

“The IBCM this year will aim to spark a new level in innovative thinking with the introduction of key topics that are strategic to the creation of a robust and sustainable biomass economy. One of the most exciting ideas to be presented is the development of new models like the Circular Economy and the impact of digitisation in accelerating Malaysia’s biomass economy agenda. This is where we take up the challenge to move away from our current linear economy that is based on a ‘take, make and dispose’ production model,” said Encik Naser Jaafar, CEO of Agensi Inovasi Malaysia (AIM) the organiser for IBCM 2017 in collaboration with Malaysian Investment Development Authority (MIDA) and State Planning Unit Sarawak (SPU).

He added that: “We have to rethink and re-innovate our mindset beyond the production and consumption of goods and services, including shifting away our economy – at least some major parts of it - from fossil fuel dependence to renewable energy use. Models like circular economy and digitisation coupled with the new to adapt to the Industry Revolution 4.0, will encourage efficient and optimised use of resources and avoid wastages such as energy leakages that will help Malaysia achieve long term economic and sustainability goals through robust design, maintenance, repair, reuse, remanufacturing, refurbishing, and recycling.”

Encik Naser added that the conference at the Borneo Convention Centre Kuching, isheld in Sarawak as it is a keystone State for Malaysia’s bio-economy agenda with its abundance of biomass residues and resources, which forms the heartland of Malaysia’s burgeoning bio-economy together with Sabah under the Sabah and Sarawak Biomass Industry Development Plan (SBIDP). Sarawak alone could potentially generate an additional RM4.8 billion in Gross National Income, utilising around six million dry tonnes, representing a minor fractionof its biomass resources.

Themed “Biomass Industry Revolution 4.0: Innovation-led Bio-based Economy”, IBCM 2017will bring together 33 speakers and panelists with subject matter expertise on biomass economies from across the world, who will present innovative and thought-provoking models on how to develop and realise Malaysia’s own National Biomass Strategy 2020 (NBS 2020) . The two-day conference shall be graced by YB Dato’ Sri Hajah Nancy Shukri, Minister in the Prime Minister’s Department and AIM Adviser, and YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry.

Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), YBhg Dato’ Azman Mahmud said, “Given that Malaysia has developed into one of the most exciting destination for biomass-based investments, this conference brings together key local and international players from the entire biomass value chain, from upstream to downstream, manufacturers to traders and the supporting ecosystem, to discuss the opportunities and challenges as well as to chart the way forward for this industry.”

”Renewable energy has increased in importance in the green policies of major countries such as Korea, Japan and China. This has led to strong interest from industry players to look at Malaysia for sources of raw materials. From 2011 to 2016, a total of 226 biomass projects with investments of RM2.92 billion were approved by MIDA. Being a country rich in natural resources, there are huge opportunities for biomass-based investments to grow and prosper in Malaysia,” added Dato’ Azman.

“With the theme, ’Biomass Industry Revolution 4.0: Innovation-led Bio-based Economy’ , MIDA encourages all stakeholders to leverage on this upcoming platform to be updated on the latest technology trends and insights, explore business opportunities and connect with key international and local players, towards embracing Industry 4.0 elements in your operations that will bring your biomass ventures to greater heights,” he said.

The conference will be officially opened by YAB Datuk Amar Abang Haji Abdul Rahman Zohari Bin Tun Datuk Abang Haji Openg, the Chief Minister of Sarawak. YB Datuk Amar Douglas Uggah Embas, Deputy Chief Minister & Minister of Modernisation of Agriculture, Native Land & Regional Development will have a special session with conference participants, moderated by YB Dato’ Sri Hajah Nancy.

The Deputy Chief Minister will lay out the State Government’s aspiration to incite digital agriculture in Sarawak, and its empowering impact on rural development, as well as becoming an enabler for new business opportunities and development, especially in the context of Sarawak as a keystone to Malaysia’s aspiration as a regional bio-economy hub.

Petteri Pihlajamäki, Director, Head of Forestry and Biomass Consulting Worldwide, Pöyry Management Consulting, Helsinki will kick off the lineup of topics for the first day with a keynote presentation on the topic of why Sarawak could and possess all the given criteria to help elevate and accelerate Malaysia’s aspiration to become the regional leader in higher value added biomass economy, describing the state’s vast potential and the local challenges to achieve major breakthrough.

This will be followed by a discourse on Waste to Wealth by H.E. Maria Castillo Fernandez, Ambassador and Head of Delegation, European Union to Malaysia, who will present her case through the European Union’s Circular Economy model perspective, and the application of this model in Malaysia’s bio-economy.

For regional opportunities participants can look forward to workshops by relevant experts and policy makers from Netherlands focusing on The Netherlands: Regional Bio-based Opportunities. For new opportunities in Korea, there will be the Korea Energy Symposium to be presented by representatives from Energy companies, technology and service providers of the energy sector in Korea in collaboration with the Embassy of the Republic of Korea in Malaysia.

Other topics of discussion to be featured in the panel sessions include; Will Digital Agriculture Matter to Asean Countries? What is Its Impact on the Thriving Biomass Based Economy?; Setting the Biomass Agenda: Direction, Perspective and Experience; Need for a Value Chain Approach – Supply, Demand And Dynamics Of Biomass Business in the Advanced Bioeconomy; Proving Municipal Solid Waste and Other Biomass Sources as Alternative Biomass Feedstock in an Integrated Environment –Research & Development & Commercialisation.

Other highlights at the two-day conference are workshops by PlaTCOM Ventures Sdn Bhd, Steinbeis Malaysia Foundation and National Corporate Innovation Index.

Book your seats today to be part of IBCM 2017, for more details visit http://ibcm.my

About AIM

Agensi Inovasi Malaysia (AIM), a statutory body established by the Government through an Act of Parliament, was created to jump start wealth creation through knowledge, technology and innovation and stimulate and develop the innovation eco-system in Malaysia towards achieving Vision 2020. AIM’s main objectives are to:

Generate additional revenue to contribute to Malaysia’s GDP;

Provide additional jobs for the Malaysian workforce;

Inspire and produce a new generation of innovative entrepreneurs;

Facilitate the evolution of Malaysian companies into major global players.

For more information, kindly visit www.innovation.my

About MIDA

Malaysia Investment Development Authority (MIDA) is the government's principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 23 overseas offices. This year as the organisation celebrates its 50th anniversary, MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era

About National Biomass Strategy (NBS) 2020

The National Biomass Strategy (NBS) 2020 was initiated in November 2011 to assess how Malaysia can gain more revenue from its palm oil industry through utilisation of the associated biomass as a start. It is a result of extensive collaboration of the Malaysian Government with private sector companies as well as domestic and international research institutes and academia. The Strategy outlines the action plan and opportunities in the biomass value chain that could create RM 30 billion in additional GNI, 66,000 jobs mostly high value, 12% reduction in Carbon Emissions and RM 25 billion in Investments. While the strategy initially focused on the palm oil industry since it was the largest producer of biomass in Malaysia, the scope is also extended to include all types of biomass from sources such as rubber, wood and rice husk. In the version 2.0 of the NBS 2020 released in 2013, expanded scope to include biomass from Forestry sector and Dedicated Crops on Marginal Land as feedstock to higher value downstream industries addressing availability, mobilisation costs and downstream supply potential.

About National Biomass Strategy Delivery Unit (1MBAS)

A Dedicated Unit under Malaysia's National Innovation Agency (AIM), Prime Minister's Department tasked to strengthen execution of the National Biomass Strategy 2020. In support of this objective, 1MBAS provide integrated facilitation and support to all biomass stakeholders across the value chain; upstream and downstream Industry Players, Government and Academia to help them explore and commercialise higher value opportunities across sectors in Malaysia aligned to the national goals set NBS 2020.

For more information visit the website: http://www.nbs2020.gov.my/

Media contact:

Corporate Communications 

Haliza Ahmad @ 019 6757147 [email protected]| Saiful Mahadhir @ 019 6736134 [email protected] | Ibnu Mohamad @ 013 257 5520 [email protected]

Posted on : 11 October 2017
Last Updated : Thursday 21st May 2020