Sumitomo Corporation and reNIKOLA have signed a Memorandum of Understanding (MOU) for the joint development of bioenergy (biogas and biomethane) projects in Malaysia and Indonesia.
The signing ceremony took place at the Malaysia Pavilion at Expo 2025 Osaka, Kansai, Japan, witnessed by the Secretary General of Malaysia's Ministry of Science, Technology and Innovation.
This partnership with reNIKOLA is another strategic step for Sumitomo Corporation in building a next-generation business that contributes to a carbon-neutral society by establishing a sustainable energy cycle and advancing decarbonisation, said the company.
reNIKOLA is a Malaysia-based company primarily engaged in solar power and biogas power generation, with multiple assets already owned and under development.
Leveraging its expertise in biogas power generation, reNIKOLA is expanding into the biomethane business.
As part of this expansion, the company had established Special Purpose Companies (SPCs) in Indonesia, the world's largest producer of palm oil.
In both Malaysia and Indonesia, the companies will work together to convert palm oil production residues into bioenergy (biogas/biomethane).
The partnership aims to expand the supply of sustainable, fossil fuel-independent energy in both countries and promote energy transition.
By combining Sumitomo Corporation's business network across Asia with reNIKOLA's extensive experience in bioenergy, the partners aim to expand this business across Malaysia, Indonesia and neighbouring countries.
Sumitomo signs MOU to develop South East Asia bioenergy projects
