Malaysia: Biomass Feedstock Mybiomass and API Cooperate in the Production of Biomass Feedstock from Oil Palms
Mybiomass and API announced a Joint-Development Work for production of nanocellulose and cellulosic sugars from oil palm empty fruit-bunches into material as enhancing additives in textile, paper, and automotive parts amongst others.
Cybejaya/Malaysia — The Joint-Development Agreement is based on Mybiomass' oil palm supply, technology adaptation, market development, combined with the American company's technical and material development expertise. The goal is to be a pioneer in setting up commercial biorefineries with potential participation from technology providers, off-takers and investors. This is in-line with the Malaysian Biomass Initiative (MBI) as it addresses the potential of moving up the value-chain, promotes sustainable feedstock supply, and shifts focus to higher-value downstream production.
According to Mybiomass’s CEO Ms. R. Puvaneswari, “The biomass potential is huge but remains largely untapped. As an innovative business venture, Mybiomass uses an inclusive 360° public-private business model — bringing feedstock, technology, and market players to bridge supply-chain gaps, and manage risks involved; thus developing a sustainable ecosystem for Biorefineries. We are glad to partner with an innovative and capable company like API to support the national vision of being a regional green chemicals and materials hub. Mybiomass will work closely with downstream partners for product applications and move towards the establishment of the commercial Biorefinery."