Malaysia and Japan have reached a new milestone in their green bioeconomy partnership by signing three important agreements worth MYR 1.34 billion ($310 million) at Expo 2025 Osaka.
The Malaysian Bioeconomy Development Corporation, a government agency under the Ministry of Science, Technology, and Innovation (MOSTI), said in a statement that these agreements are an important step in both countries working together to promote a low-carbon and bio-based economy, supporting global sustainability goals.
The collaborations focus on creating renewable energy and making sustainable biotechnology products available, supporting Malaysia’s National Biotechnology Policy 2.0 and global sustainability goals.
The first agreement is between reNIKOLA Holdings Sdn Bhd and the Japanese company Sumitomo Corporation. Using waste from palm oil production, they will work together to create renewable fuels like biomethane and low-carbon products, such as liquefied biomethane (LBM) and methanol.
In the second agreement, MTC Orec Sdn Bhd, a bioenergy company from Malaysia, and Japan’s IHI Plant Services Corporation will work together to develop biogas technology in Southeast Asia.
An agreement and supply contract has been made with Japan’s Respect Co., Ltd. to distribute its bird’s nest glycopeptide-based products in Japan.
According to Bioeconomy Corporation CEO Mohd Khairul Fidzal Abdul Razak, choosing Japan as Malaysia’s partner in innovation and technology shows how strong global cooperation can help grow the green economy and tackle climate change.
“Malaysia is proud to show the world its potential in bioeconomy through important partnerships like this,”
“While leveraging Japan’s expertise in green innovation, BioNexus Status companies and those under the Bio-based Accelerator (BBA) program are well positioned to drive transformation in renewable energy, sustainable agriculture, and bio-based products,” he said.
He said that this partnership helps grow the economy and supports a more sustainable, low-carbon future for the region and the world.
He also said that these partnerships show how Malaysia is staying true to its commitment to sustainable innovation.
“It’s not just about accelerating market access and technology transfer, but also about creating opportunities for the joint development of solutions to address climate change, energy security and economic resilience,” he added.
He also said that Bioeconomy Corporation is dedicated to building strong international partnerships, growing the innovation ecosystem, and finding global opportunities to help local companies enter international markets. This supports a more inclusive and competitive bioeconomy.
Meanwhile, Malaysia Pavilion Director Ellyza Mastura Ahmad Hanipiah said that the Malaysia Pavilion is proud to support MOSTI’s efforts to build strong global partnerships and attract high-quality investments to the country.
“In line with our target of securing at least MYR 13 billion ($3.05 billion) in potential trade and investment and attracting 1.5 million visitors, we are fully committed to positioning Expo 2025 Osaka, Kansai as a premier stage for innovation, sustainable growth, and global engagement,” he added.
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