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Leaf Resources sign MoU and LFC with Malaysian government agencies

Australian biotech developer Leaf Resources and its US-based joint development partner are working with two agencies of the Federal Government of Malaysia to further advance the development in Malaysia of at least one commercial-scale, second-generation, bio-chemical production facility.

Leaf Resources, a company that has developed a biomass pretreatment process, has announced that together with Leaf Development, its US-based joint development partner, it has signed a Memorandum of Understanding (MoU) with Agensi Inovasi Malaysia (AIM) and a Letter of Facilitation and Collaboration (LFC) with Malaysian Bioeconomy Development Corporation (MBDC). Both agreements specify the objectives to be jointly undertaken by the parties to further advance the development in Malaysia of at least one commercial-scale, second-generation, bio-chemical production facility that incorporates the proprietary Glycell process developed by Leaf Resources.

– I am impressed with Malaysia’s enthusiasm and commitment to create a high-value, bio-based industry. The proactive nature of all parties, government and private sector, demonstrate their commitment to make it happen. I believe that Malaysia, with its abundant biomass resources, its advantageous location within the ASEAN region, and the active commitment of both the Federal and State Governments, presents a unique combination of all the attributes necessary to be a successful site for a “platform” Glycell™ production facility, said Ken Richards, Managing Director of Leaf Resources in a statement.

Leaf Development, the joint development entity between Leaf and industrial facility builder Claeris, will lead the development efforts in Malaysia in conjunction with both AIM and MBDC. Leaf Development has a mandate to develop up to five commercial-scale projects around the world.

5556/AS

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