"The complex will further create opportunities for technology and science-driven companies in the green chemical sector; which is central to the development of the bio-based economy. More significantly, it is one of the many crucial initiatives driven by BiotechCorp as a commitment to advance the bio-chemical sector and to secure a targeted RM4 billion of investment in the industrial biotechnology sector by 2013 to drive the Commercialization Phase of the National Biotechnology Policy (NBP)." - Dato' Dr Mohd Nazlee Kamal, CEO of BiotechCorpThe agencies expect to get a total of M$6.8bn investment from foreign companies. Operation of the complex is expected to start by early 2014. The site will also use renewable energy coming from cellulosic feedstock instead of natural gas.
|Signing ceremony between BiotechCorp, ECERDC and the Terengganu State Government|