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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