MPOB technology commercialisation generates income with market value of RM5 bln

KUALA LUMPUR, Aug 5 — The commercialisation of technology by the Malaysian Palm Oil Board (MPOB) has generated income with an estimated market value of over RM5 billion so far.


Director-general Ahmad Parveez Ghulam Kadir said the technology it offers for commercialisation  purposes can be categorised into three main parts, namely upstream, midstream and downstream.


“This encompasses technology at the plantation stage which includes production of plant materials, palm fertiliser formulation, disease and pest control techniques, and manufacturing technologies,” he said in a webinar titled ‘Palm Technology Commercialisation Opportunity and Financial Aid to Small and Medium Enterprises (SMEs)’ organised by MPOB and SME Corp Malaysia today.



Apart from that, Ahmad Parveez said MPOB has introduced 709 technologies and 191 services for commercialisation by industrial players and entrepreneurs up to July this year.


“Out of the 709 technologies, 221 technologies or innovations have been commercialised, contributing 31.17 per cent of MPOB’s commercialisation rate,” he said.


Hence, this rate shows the technology offered by MPOB has commercialisation potential and provided opportunities for local entrepreneurs, especially in these challenging times, he added.



“Among the products that have been commercialised are motorised cutters, biodiesel, automotive components and MPOB F1-F6 fertiliser,” said Ahmad Parveez.




Source: BERNAMA News Agency