Nextgreen Global Berhad (NGGB), a sustainable pulp and paper manufacturing player, officially signed a Memorandum of Agreement (MOA) with Bioeconomy Corporation, a key player in biotechnology and bio-based industries. In a groundbreaking move, NGGB and Bioeconomy Corporation are partnering to revolutionize biomass production through advanced biotechnology applications, aligning with the National Biotechnology Policy 2.0 Flagship Programme and the National Biomass Action Plan 2022-2025.
Key objectives of the collaboration include supporting national initiatives for biotechnology and biomass, promoting the application of biotechnology for the production of downstream products, and advocating for the adoption of BioNexus Status and Bio-based Accelerator Programmes among small businesses in the biomass sector. NGGB’s circular economy approach, converting oil palm biomass into higher value products like biofertilizers and animal feed, aligns seamlessly with Malaysia’s biomass potential. NGGB looks forward to fostering innovation, responsible resource management, and promoting environmental sustainability, contributing to broader sustainability goals at the national and global. Through this MOA, endeavors to champion ESG principles and redefine industries through bio-based innovations, all aimed at fostering a more sustainable future in Malaysia.
Key objectives of the collaboration include supporting national initiatives for biotechnology and biomass, promoting the application of biotechnology for the production of downstream products, and advocating for the adoption of BioNexus Status and Bio-based Accelerator Programmes among small businesses in the biomass sector. NGGB’s circular economy approach, converting oil palm biomass into higher value products like biofertilizers and animal feed, aligns seamlessly with Malaysia’s biomass potential. NGGB looks forward to fostering innovation, responsible resource management, and promoting environmental sustainability, contributing to broader sustainability goals at the national and global. Through this MOA, endeavors to champion ESG principles and redefine industries through bio-based innovations, all aimed at fostering a more sustainable future in Malaysia.
