Bioeconomy Transformation Programme (BTP) was launched by YAB Prime Minister, Datuk Seri Najib Tun Razak on 30th October 2012 to further develop the bio-based industry in Malaysia. It is in line with the objective of the government to develop Malaysia into a high-income nation by the year 2020.
The BTP aims to achieve this by focusing on the specific bio-based industries in Malaysia, a sector that had been identified as a potential key strength of the nation due to the natural resources available.
During the launch of the BTP, 10 Entry Point Projects (EPPs) were identified to develop the national bio-based industry. Within these 10 EPPs, 20 private sector-driven Trigger Projects constitute the initial tranche of the launched ventures.