Bioeconomy Transformation Programme (BTP) was endorsed by Malaysia’s National Bioeconomy Council and launched by the 6th Prime Minister of Malaysia, Dato’ Sri Mohammad Najib bin Tun Abdul 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.