Bioeconomy Corporation Strengthens Malaysia-Korea Partnership Through Terengganu Bio-CNG Project

PUTRAJAYA, June 19 (Bernama) -- Malaysia and the Republic of Korea have further strengthened their strategic partnership in renewable energy through the exchange of a Letter of Intent (LOI) for the Terengganu State Palm Oil Mill Biogas Upgrading Project, an initiative that will convert palm oil industry waste into Bio-Compressed Natural Gas (Bio-CNG).

Supported and coordinated by the Malaysian Bioeconomy Development Corporation (Bioeconomy Corporation), the project brings together South Korean renewable energy companies Polaris Bio Co., Ltd. (Polaris Bio) and Sudokwon Landfill Site Management Corporation (SLC), together with Malaysian technology partner MTC Orec Sdn. Bhd. (MTC Orec), to unlock the commercial potential of palm oil industry waste as a high-value clean energy source.