Photo credit: IDECS2025
On 22nd October 2025, BVT and the Malaysian Bioeconomy Development Corporation (Bioeconomy Corporation) signed a Memorandum of Understanding (MoU) during the Opening Ceremony of International Digital Economy Conference Sarawak (IDECS) 2025. The signing and exchange of the MoU was witnessed by the Premier of Sarawak, The Right Honourable Datuk Patinggi Tan Sri (Dr) Abang Abdul Rahman Zohari Tun Datuk Abang Openg.
Representing BVT was its Chairman YBhg Dato Sri Dr Wan Lizozman bin Wan Omar (Chairman) and CEO, Ts. Hazwan bin Razak. Bioeconomy Corporation was represented by their Chairman YBhg Dato’ Dr Lee Boon Chye and CEO, En. Mohd Khairul Fidzal Abdul Razak.
This partnership outlines six key areas of collaboration — accelerating commercialisation, generating sustainable value, fostering innovation and research, expanding ecosystem value, sharing knowledge and intelligence, and advancing Malaysia’s sustainable bioeconomy.
We look forward to seeing the incredible results of this partnership.
BVT, the commercial arm and wholly-owned subsidiary of the Council was established in February 2025 to translate research from SBC into market-ready, sustainability-driven solutions and accelerate the commercialisation of bio-based products from Sarawak’s unique biodiversity.
Bioeconomy Corporation is the development agency for the bio-based and biotechnology industries in Malaysia, focused on driving the nation’s bioeconomy agenda.
