Malaysia-based Bioeconomy Development Corporation (Bioeconomy Corp) has entered into a partnership with South Korea’s Polaris Bio to establish a nationwide network of biogas facilities that will utilise palm oil mill effluent (POME) — a byproduct of palm oil processing — to produce renewable biogas. The initiative represents a major milestone in transforming Malaysia’s palm oil waste into a clean energy source.
The collaboration will begin with an initial investment of MYR30 million, with long-term plans to expand the network to more than 20 Bio-Compressed Natural Gas (Bio-CNG) plants, requiring a total investment of MYR700 million. Once fully operational, the network is projected to cut carbon emissions by 384,000 tonnes annually and generate internationally recognised carbon credits.
