KUALA LUMPUR, Oct 6 (Bernama) -- Malaysian Bioeconomy Development Corporation (Bioeconomy Corporation), under the purview of the Ministry of Science, Technology and Innovation Malaysia, has entered into a collaboration with South Korea-based renewable energy company Polaris Bio Co., Ltd. (Polaris Bio) to develop palm oil mill effluent (POME)-based biogas upgrading facilities in Malaysia as part of renewable energy investments.
An initial RM30 million will be invested in the first facility as part of the RM 700 million total planned investments. This pilot project will validate the technical and financial feasibility of biogas upgrading and pave the way for the nationwide rollout of more than 20 facilities, which are expected to cut up to 384,000 tonnes of CO₂ equivalent each year.
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