24 April 2013 03:59 [Source: ICIS news]
CHICAGO (ICIS)--Malaysia is close to completing the first phase of its Kertih BioPolymer Park in northeaster state of Terengganu, an executive of a governmental body said on Tuesday.
“We’ve got three big investments there, and we are working on another two investments in that area,” said Mohd Nazlee Kamal, CEO of federal agency Malaysian Biotechnology Corporation (BiotechCorp).
BiotechCorp, an agency under the purview of Malaysia’s Ministry of Science, Technology and Innovation (MOSTI), is entrusted to nurture and help biotechnology companies.
“Now, we are working to create the second phase with another 1,000 acres,” he told ICIS at the Bio International Convention.
At the biopolymer park, France-based Arekema produces methanethiol, a gas that feeds into Korean-based CJ Bio’s facility that produces the amino acid, methionine.
In addition, US-based biochemical company Gevo is constructing a $500m plant at the park that will be the world’s first facility to manufacture bio-isobutanol from biomass.
Kamal said he could not comment on the two new investments that the country is trying to bring to the biopolymer park.
The Bio International Convention runs through Thursday.
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