BiotechCorp to Spearhead Wellness Industry through Supercritical Fluid Extraction
BiotechCorp Aims to spearhead the wellness Industry through Supercritical Fluid Extraction platform technology, Kuala Lumpur, Wednesday, 25 March 2015 – Malaysian Biotechnology Corporation (BiotechCorp) launched a showcase of 25 supercritical extracts at the Intercontinental Hotel.
Themed Supercritical Fluid Extraction – A Wellness Industry Game Changer, the event displayed products from various companies that have utilised the Supercritical Fluid Extraction (SFE) platform technology and hosted two experts in the SFE field who held talks in relation to the platform technology and its relevance in the wellness industry and the halal market.
Guest of honour Datuk Dr Ewon Ebin, Minister of Science, Technology and Innovation (MOSTI), accompanied by Dr Zulkifli Mohamed Hashim, Deputy Secretary General (Science), was impressed with the development of the SFE platform technology, which was acquired by BiotechCorp under RMK-9’s Biotechnology Acquisition Programme (BAP) in 2009.
Through the collaboration between BiotechCorp and University Putra Malaysia (UPM), 15 product protocols have been developed in 2014 to successfully produce nutraceutical, cosmeceutical and pharmaceutical products using the SFE platform technology at UPM’s Supercritical Fluid Centre (SFC).
“The ministry has set a target to commercialise 60 R&D projects each year beginning 2014, bringing the number to 360 by 2020. With the help of industry players, the SFE platform technology can play an important role in achieving this goal,” he added.
Chief Executive Officer of BiotechCorp, Dato’ Dr. Mohd Nazlee Kamal spoke of the SFE platform technology’s many benefits, including producing high value added products that adhere to the halal and global markets in the wellness industry, as well as creating income and employment opportunities for the rural communities through their involvement in commercial activities.
“In terms of revenue, we expect the SFE platform technology to garner RM1.3 million by 2015, and we aim to achieve RM14 million in revenues by 2020. We also target to create 15 entrepreneurs in Malaysia utilising the SFE technology platform by 2020,” he said.
Dato’ Dr. Mohd Nazlee said BiotechCorp is committed in its role to drive the SFE technology forward and encourage the growth of players going into the wellness industry, thus contributing to Malaysia’s Vision 2020 of becoming a high income nation.