Saturday, 28 Nov 2020
EXCLUSIVE PRESS
19/11/2020 12:48 PM

KUALA LUMPUR, Nov 19 (Bernama) -- BiON Group of Companies (BiON) has signed a Memorandum of Understanding (MOU) with SIRIM Tech Venture Sdn. Bhd. (STV) today as witnessed by the Malaysian Investment Development Authority (MIDA) in strengthening and promoting the growth of bio-energy ecosystem. The MOU aims to develop potentials in commercialisation of “Waste to Energy” (WTE) activities in ensuring sustainable waste management in the country. The MOU is a testament to MIDA’s efforts in promoting investment activities which are supportive to the sustainable development goals in Malaysia.

MIDA through its Domestic Investment Coordination Platform (DICP) unit has coordinated with BiON and STV in business to business (B2B) meetings to realise the establishment of a technical cooperation between the two companies. This collaboration includes the distribution of gas energy through a Virtual Pipeline System (VPS) and the establishment of a bio-energy hub to monetise agricultural and industrial waste. Pilot tests will also be conducted on the production of Bio Natural Gas (BioNG) from existing biogas power plants and on other projects related to WTE in Malaysia and abroad.

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