ECER's Kertih Biopolymer Park to draw RM7b deals by 2015
KUALA LUMPUR: The East Coast Economic Region (ECER) authority says its Kertih Biopolymer Park (KBP) is on track to attract RM7 billion worth of investments by 2015.
ECER Development Council (ECERDC) chief executive officer Datuk Jebasingam Issace John is confident of achieving the target as the park is located at the gateway to the rapidly growing markets of Asean, the Far East and Asia Pacific.
"Currently, the park has received RM4 billion worth of investments from two foreign companies, CJ CheilJedang and Arkema," he said.
Jebasingam said both companies have started work on the bio-methionine plant project, with operations to commence by 2014.
He said the integrated facility will use renewable energy from biomass instead of natural gas and renewable raw materials to produce bio-methionine. It will become the first in the world to use a fermentation process to produce L-methionine.
Jebasingam added that the main objective of the park is to develop the polymer industry and ancillary services through value chain clustering.
KBP is a second-generation bio-filtration complex that is the largest in Asia, making Malaysia a pioneer in biotechnology. Bernama