KUALA LUMPUR: Malaysia’s government is seeking investments from China to develop its biomass industry, said plantation and commodities minister Johari Ghani.
He said each palm oil mill in Malaysia can produce 6 to 7 megawatts (MW) of electricity.
“All the mills in the world’s second-biggest palm oil producer can produce 2,500 MW to 3,000 MW of electricity,” he added.
“We have a lot of waste from the 448 palm oil mills. This is an opportunity for the renewable energy sector,” Johari said at the Malaysia-China Summit 2024 today.
Malaysia has also invited Chinese investors to build Sabah’s and Sarawak’s first oleochemicals plants, said the minister.
He also called for Chinese investments into Malaysia’s green energy projects.
China is the biggest buyer of Malaysia’s agriculture commodities, with shipments valued at US$4.4 billion in 2023.