Australian biochemical company Leaf Resources moves to Malaysia. Through Leaf Development LLC (LDL), the joint venture company between Leaf and Claeris LLC, Leaf has signed a Mou with Agensi Inovasi Malaysia, a statutory body under the Prime Minister’s department and a Letter of facilitation and collaboration with Malaysian Bioeconomy Development Corporation.
Leaf Resources makes renewable and sustainable cellulosic sugars, which are a major feedstock for renewable chemicals that can replace virtually all petroleum derived chemicals with significant carbon and energy savings. Furthermore, they can compete on price and performance.
The Malaysian federal and state governments, represented by AIM and Sarawak State Planning Unit, have identified a selection of viable locations for a bio-hub development in the state of Sarawak.
The development of the Sarawak bio-hub is a key part of Malaysia’s National Biomass Strategy, which aims to increase Gross National Income by RM$30 billion, reduce carbon emissions by 12% and create an additional 66,000 new high-value jobs. Leaf’s process is the vital link that converts abundant biomass to industrial sugars to facilitate the renewable chemical bio-hub. The Malaysian Government will support the proposed Leaf facility by providing incentives, and an attractive financial package.
According to Malaysian Bioeconomy Development Corporation, Malaysia provides a unique combination of all the attributes necessary to be a successful location for a ‘platform’ Glycell production facility. These attributes include its abundant biomass resources, its advantageous location within the ASEAN region and the active commitment of both the Federal and State Governments. Malaysia has a forward thinking bio-technology philosophy supported at the highest government levels.
Bioeconomy Corporation is the lead development agency for bio-based industry in the Asian country, it is owned by the Ministry of Finance, and run under the purview of the Ministry of Science, Technology, and Innovation. It is advised by the Bioeconomy International Advisory Panel, chaired by the Prime Minister.