EU firms keen to invest in Malaysia's biomass sector
A number of European companies are interested in investing in Malaysia's 'lucrative' biomass sector, reports say, which is estimated at RM9.6 billion (€2.2 billion).
Malaysia Biomass Industries Confederation president Datuk Leong Kin Mun was quoted as saying that investors have expressed interest in developing wood pellet manufacturing plants, biomass-fired power plants and methane capture biogas projects in the nation.
However, he said, the challenges relating to feedstock supply mean they are hesitant to invest in such projects.
'The government needs to come in to secure feedstock supply for the small and medium enterprises, as the investments for this are too big for these companies,' he was reported as saying.