MGCC PERSPECTIVESMAY JUN 2018 25 MARKETS AND SECTORS Julia Kaiser Julia Kaiser works with MGCC s marketing team She specialises in research for the medical pharmaceautical and bio technology sectors Write to her at julia kaiser malaysia ahk de tandem with this growth the industry is gradually shifting to the production of higher value added oleochemical derivatives and bio based chemicals Malaysia s chemical industry investments are set to surpass 2017 s RM 4 1 billion if more international petrochemical producers come to do business at the Refinery and Petrochemical Integrated Development RAPID With the RAPID projects coming on stream the country is poised to shift to become a net exporter and a leading producer of petrochemicals in ASEAN by year 2020 Dato Muhtar Hashim Deputy Chairman of Chemical Industries Council of Malaysia said there are opportunities for international players to invest in the petrochemical hub within RAPID The availability of raw materials for refinery activities and utility support is set to be available from 2020 But I see the opportunities are for bigger players as the investments would be very high Malaysia s Biotech Landscape Malaysia is the second in Asia after China and the first in ASEAN to establish its own national bioeconomy initiative As of 2015 bioeconomy as a whole is estimated at 11 3 per cent of the total Malaysian GDP a contribution equivalent to RM131 billion This value encompasses economic impact from all sectors of economy that could possibly benefit from application of bio based technology like agriculture chemical production as well as oil and fat processing At a stimulated 15 annual growth the size of the Malaysian Bioeconomy sector is projected to grow to RM149 1 billion in 2020 and RM181 2 billion in 2030 respectively The National Biotechnology Policy NBP was launched in 2005 to further develop three economic sectors namely agriculture healthcare and industrial manufacturing as well as to support the growth of an enabling eco system throughout the scientific academic and business communities in the country Subsequently the Malaysian Biotechnology Corporation was created as the lead agency responsible for the coordinated implementation of the NBP By 2015 285 BioNexus status companies had meanwhile been registered in NBP approx 84 153 jobs were created RM 11 1 billion were invested in the biotech sector and revenue of RM 52 2 billion was achieved Malaysian Bioeconomy Corporation continues its work on the Bioeconomy Transformation Programme BTP which was launched October 2012 to further develop the bio based industry in Malaysia to become a high income nation by the year 2020 So far BTP created 25 397 new job opportunities attracted RM18 32 billion of investments contributed RM 5 98 billion to the GNI and identified 77 high impact bioeconomy projects within the bio based industry that would contribute to these targets e g the BTP Mushroom Project in Sabah Although the biotech sector in Malaysia is so To promote these emerging sectors and strengthen the ties between Germany and Malaysia MGCC in collaboration with DECHMA Austellungs GmbH organised a presentation on the 21 March 2018 for the world s leading process industry forum ACHEMA 2018 Turn to page 50 to see the photo story far not as developed as it might be elsewhere Dr Mohd Shuhaizam CEO of Malaysian Bioeconomy Corporation pointed out the opportunities Malaysia will be able to offer for the rest of the world such as Agricultural Biotechnology Development Healthcare Biotechnology Development Industrial Biotechnology Development and Bioeconomy Community Development Malaysia s wealth of natural resources in line with the country s continuous efforts to establish bioeconomy as a key contributor to economic growth can create a pathway to bring in technologies and investments to Malaysia Bioeconomy also benefits the society and nation through breakthroughs in agricultural productivity discoveries in healthcare and the adoption of sustainable industrial processes while helping to meet the most pressing global challenges such as the increasing global population depletion of fossil fuel and natural resources and increasing environmental pressures and climate change

Vorschau MGCC Perspectives May/Jun 2018 Seite 27
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