SEDC-Regal MOU paves way for first BioHub Port in Malaysia

Abdul Aziz (fourth left) together with Su (fifth left) in a photo-call with others after witnessing the MoU signing ceremony.

KUCHING, Oct 7: Sarawak Economic Development Corporation (SEDC) has signed a Memorandum of Understanding (MoU) with Regal Lands Sdn Bhd (Regal) for the proposed development of a BioHub Port and its ecosystem in Sarawak.

The proposed BioHub Port and its ecosystem in Sarawak is expected to be the first in the country.

SEDC Sarawak chairman Tan Sri Datuk Amar (Dr) Abdul Aziz Husain in a statement today revealed the collaboration between SEDC and Regal will enable both parties to explore and form rewarding partnerships for mutual benefit especially in the development of the biomass industry in Sarawak.

“Today’s corporate world is still recovering from the impact of the Covid-19 pandemic and despite the challenges, we need to be innovative and continue to be positive in driving home the values of our businesses,” he opined.

Abdul Aziz expressed optimism that the strategic partnership will facilitate SEDC’s role in the National Biomass Strategy 2020 (NBS) which can potentially generate good investments for the country and jobs creation in the near future

“We look forward to this partnership as a way to boost our business ventures and to keep moving forward by leveraging on the expertise as well as creative solutions to an array of business challenges,” he added.

Meanwhile, founder and executive chairman of Regal International Group Datuk Dominic Su in his speech disclosed Regal has a consortium of partners which include Agensi Innovasi Malaysia (AIM), Bintulu Port Holdings Berhad and the Port of Rotterdam Authority in the Netherlands which are also expected to be involved in the development of a proposed bioport and an integrated industrial estate.

“The components of the upcoming project will also include the development of a high-tech Satellite Aggregation, Pre-treatment and Procession Centre adjoining a dedicated bio-port that will enable a sustainable value chain that serves to position Sarawak as a favourable destination for investors seeking high value chemical industry with options on dual feedstocks–conventional oil and gas feedstocks, possibly for a bio-based route for production.

“We thank SEDC, our esteemed state government partner for the opportunity to work together and for their strong support towards this project that provides a unique platform to form partnerships and collaborations among local stakeholders as the biomass industry can make the current industries greener by channeling waste stream of operations as feedstocks for the BioHub Port. Thus, it creates a full circular economy that fuel sustainable industries that can increase job opportunities for the local workforce,” he explained.

During the signing ceremony, SEDC was represented by its general manager Abdul Hadi Abdul Kadir together with the corporation’s acting director for Legal Affairs Division Rashidah Maideen while Regal was represented by its executive director Wong Pak Kiong and Annabelle Sim, legal counsel of Regal International Group. — DayakDaily