Govt seeks mutifacet approaches to foster sustainable manufacturing: Tengku Zafrul - MIDA | Malaysian Investment Development Authority
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Govt seeks mutifacet approaches to foster sustainable manufacturing: Tengku Zafrul

Govt seeks mutifacet approaches to foster sustainable manufacturing: Tengku Zafrul

11 Sep 2023

The government is exploring multifaceted approaches to foster the country’s sustainable manufacturing, with focus on transparent, traceable and transferable technology solutions, according to Investment, Trade and Industry Minister (Miti) Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

“Sustainable manufacturing is the creation of products through cost- and resource-efficient manufacturing processes that minimise negative environmental impacts while also conserving energy. Sustainable manufacturing also enhances employee, community and product safety.

“Combining this concept with smart manufacturing, through NIMP 2030, we are seeking transparent, traceable and transferable technology solutions to drive optimisation as well as resource-efficiency,” he said in his address at CIMB’s The Cooler Earth Sustainability Summit.

Reiterating, he called for “those with the right capacity” for support to ensure supply chain security and resiliency, without which there will be no sustainable manufacturing.

“Two, we also need your support on rapid adoption of technology and digitisation in smart manufacturing to achieve our sustainable manufacturing goals. Three, catalytic, smart public-private partnerships are key to execution and in moving the ESG needle in sustainable manufacturing,” he added.

He said that the recently launched New Industrial Master Plan 2030 (NIMP2030) is aimed at catalysing the transformation of Malaysia’s industries, manufacturers, and exporters not just towards producing more complex products and digitising rapidly, but also towards sustainable manufacturing and embracing ESG.

NIMP 2030 has a pillar on the Push for Net Zero. The four key strategies under this mission are to accelerate the transition towards sustainable practices; transition to renewable and clean energy; catalyse new green growth areas and shift towards green infrastructure.

Under this mission, it also has a few Mission-Based Projects, led by project champions to provide the impetus on the deliverables under this mission.

Each project champion must fulfil six criteria, including having the stature to rally the whole industry, and the necessary capacity to scale up to create impactful spill overs, particularly for SMEs.

Champions must also deliver some level of sectoral upgrading and innovation, either through moving up the value chain into higher value-added activities; producing more complex products and services; or utilising more sophisticated technology.

There are currently three projects under the Net Zero mission meant to kick-start the realisation of that mission.

First, BASF-Petronas Chemicals will champion the project to create decarbonisation pathway role models.

Second, Perodua has been selected to produce a locally manufactured EV.

Third, PETRONAS will work on deploying large-scale solutions on Carbon Capture, Utilisation and Storage (CCUS).

Source: The Sun Daily