Milestones

September

Kuala Lumpur, Malaysia Signing of Shareholders Agreement between MIGHT, Sime Darby and FGV.

Italy The test results from palm oil biomass showed comparable yields with other type of feedstock

May

Italy Samples of palm oil biomass were sent and tested for the stated conversion in Italy.

New York, United States MIGHT, Sime Darby and FGV signed a “Testing and Technology Adaptation Collaboration” agreement through MYBiomass and witnessed by the Malaysian Prime Minister.

December

United States & Europe Conducted technology prospecting to convert biomass into platform chemicals.

November

Kuala Lumpur, Malaysia Launching of MYBiomass by the Right Hon. Prime Minister of Malaysia. Rolled out groundwork to implement a viable and sustainable business venture based on 360° public-private business model with targeted key stakeholders.

August

Kuala Lumpur, Malaysia Establishment of Steering and Technical Committee consisting of key personnel from MIGHT, Sime Darby and FGV.

June

Cyberjaya, Malaysia MIGHT conducted the inaugural meeting with Sime Darby and FGV towards formalisation of collaboration and discussion on the needs of national coordination with key stakeholders.

May

New York, United States The MBI spearheaded by MIGHT was endorsed as the 1st program for GSIAC together with the establishment of Special Purpose Vehicle by the Right Hon. Prime Minister of Malaysia.

February

Cyberjaya, Malaysia Creation of MBI and 360° public-private business model to focus on pioneering high value green chemicals through coordinated aggregation.