Bioeconomy Corporation Helps Sarawak Firms Showcase Innovations At BIO Asia-Taiwan 2026
KUALA LUMPUR, July 17 (Bernama) -- The Malaysian Bioeconomy Development Corporation (Bioeconomy Corporation) has facilitated collaborations to help Sarawak’s bio-based firms penetrate regional and international markets through BIO Asia-Taiwan 2026.
In a statement today, Bioeconomy Corporation said the initiative had advanced strategic partnerships involving Sarawak’s bio-based companies by securing business collaborations and showcasing sustainable bio-based innovations to regional investors, industry leaders and potential partners.
“Among the key outcomes was a collaboration between Fly Technology Agriculture Sdn Bhd (FTA) and Taiwan’s Monster Biotech Co Ltd, valued at approximately RM1 million annually.
“The agreement involves the long-term purchase and supply of black soldier fly (BSF)-based animal feed ingredients and BSF frass biofertiliser, broadening export opportunities for Sarawak and strengthening the state’s position as a leader in sustainable development,” it said.
Bioeconomy Corporation chief executive officer Mohd Khairul Fidzal Abdul Razak said the partnership would bring advanced technology, market access and global linkages to Sarawak’s bioeconomy ecosystem.
“This will enable local bio-based enterprises such as FTA, as well as rural communities, to participate in higher-value economic opportunities.
“Together, we are supporting Sarawak’s ambition to become a global model for sustainable development by driving bio-innovation-based commercial opportunities that generate lasting socioeconomic value for Malaysia, Taiwan and the wider Asian region,” he said.
FTA managing director Ts Jeff Wee said the partnership would also explore the future adoption of artificial intelligence (AI) technology to enhance production efficiency and operational capabilities.
“The integration of AI technology will further enhance our production capabilities while empowering rural communities to participate in a more efficient and sustainable BSF industry.
“We appreciate Bioeconomy Corporation’s support in facilitating this international partnership, which opens new opportunities for FTA to expand its market reach and capabilities,” Wee said.
Sarawak’s bioeconomy strengths were further showcased through BioVerde Technologies Sdn Bhd’s (BVT) participation as an exhibitor and speaker at the Malaysia Regional Collaboration Forum during BIO Asia-Taiwan 2026.
Mohd Khairul said BVT’s participation highlighted Sarawak’s ability to translate its rich biodiversity and scientific capabilities into high-value bio-based products and industries, demonstrating the state’s potential to drive green economic growth and sustainable industrial development through strategic international partnerships.
BIO Asia-Taiwan 2026 is one of the Asia-Pacific region’s leading biotechnology conferences, bringing together industry leaders, investors, researchers and policymakers to foster international collaboration and business opportunities.
This year’s event is being held from July 15-19, 2026, at Nangang Exhibition Center, Taipei.
-- BERNAMA