NCIA Facilitates JV Agreement Between Yenher And Danish Company Involving RM75 Mln Investment
GEORGE TOWN, Sept 14 (Bernama) -- The Northern Corridor Implementation Authority (NCIA) has facilitated a joint venture agreement between Yenher Holdings Bhd and Danish firm Fermentationexperts A/S (FE) to form YH European Protein Asia Sdn Bhd (YHEPA).
NCIA said that initially, YHEPA would convert an existing facility in Simpang Ampat, Penang, into a state-of-the-art GMP+ certified manufacturing plant with a total investment, for this first phase, of an estimated RM75 million.
It said the partnership leverages FE's cutting-edge fermentation technology and Yenher’s manufacturing capabilities and extensive distribution network to produce a new range of eco-conscious and cost-effective plant proteins for livestock and aquaculture. It added that the joint venture would focus on transforming plant byproducts like soybean, rapeseed, as well as seaweed meal into high-value feed ingredients.
"The next stage is to develop another dedicated palm kernel meal plant. The joint venture is expected to create 16 high-skilled and managerial roles in Malaysia. Operations are anticipated to start in the fourth quarter of 2025, positioning YHEPA to cater to the burgeoning markets across Southeast Asia and Taiwan, including Vietnam, Indonesia, and the Philippines," NCIA said in a joint statement with Yenher.
Yenher executive chairman, Datuk Cheng Mooh Tat said the joint venture represents a strategic alignment of Yenher’s commitment to sustainability and innovation with FE's unparalleled expertise in biotechnology.
FE chief executive officer and founder, Jens Legarth, said both companies' combined efforts would elevate the quality of feed ingredients as well as address critical global challenges like ensuring food safety and solving scarcity, boosting animal health naturally and reducing the environmental impact of food production. "This is just the beginning of a new era in agricultural biosolutions," Legarth added.
-- BERNAMA