Wednesday, September 25, 2013

Malaysia Launches US$100 Million Green Fund

Malaysia has partnered with Japan-based Asian Energy Investments Pte Ltd (AIE) in a US$100 million investment mega-fund to seed promising new ideas and innovators in Southeast Asia. The fund will accelerate national and regional development and manufacture of green energy products and business by small-to-mid-size technologies and enterprises.

The fund will be managed by Malaysian Industry-Government Group for High Technology (MIGHT) represented by its wholly-owned subsidiary, MIGHT Technology Nurturing Sdn Bhd.

The fund management company will also be charged with helping revive Malaysian biodiesel plants idled by sharp increases in the price of crude palm oil, on which the plant depended for feedstock, investigating cheaper biodiesel feedstocks, including municipal waste and waste oil palm biomass.

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