Palm oil is the largest agricultural contributor to Malaysia’s Gross National Income (GNI), contributing 8% (RM 50 billion) annually. The palm oil industry is also the largest producer of biomass, with every part of the tree useful in the creation of products ranging from plywood to biofuels. Currently the majority of biomass is left in the fields as fertilizer, so this presents an opportunity for higher-value added applications.
Global Green Synergy (GGS) is a Malaysian company of 40 people that collaborates with privately owned palm mills in Perak, Pahang and Sabah to produce biomass for consumers in Europe, China and Japan. We learn how they operate and about their joint ventures with foreign companies from Managing Director, Joseph Lim.
We also continue to hear from Bas Melssen, Executive Vice-President and Head of Strategic Innovation Projects, Agensi Inovasi Malaysia (AIM) about how private companies can work together with palm mill owners, the opportunity of joint ventures and the future of the Palm Oil Biomass Industry.