{"article":{"id":1892,"slug":"malaysia-and-south-korea-sign-loi-for-myr700-million-bio-cng-pipeline-targeting-20-plants-across-malaysia","title":"Malaysia and South Korea Sign LOI for MYR700 Million Bio-CNG Pipeline Targeting 20+ Plants Across Malaysia","category":"news","summary":"Malaysia and South Korea sign a Letter of Intent for a MYR700 million bio-CNG pipeline, targeting 20+ plants using palm oil mill effluent, with 384,000 tonnes CO2e annual reduction. First Malaysia-South Korea Article 6.2 Paris Agreement initiative.","content":"## English\n\n* **Partnership signed**: Malaysia and South Korea signed a Letter of Intent (LOI) for the Terengganu Palm Oil Mill Biogas Upgrading Project, targeting bio-CNG production from palm oil mill effluent (POME)\n* **Korean partners**: Polaris Bio Co Ltd and Sudokwon Landfill Site Management Corporation (SLC) partnered with Malaysian firm MTC Orec Sdn Bhd\n* **Investment scale**: MYR 700 million (approximately USD 169 million) pipeline to develop over 20 bio-CNG plants across Malaysia\n* **CO2 reduction**: The project is expected to avoid up to 384,000 tonnes of CO2 equivalent annually, supporting Malaysia's decarbonisation goals\n* **Paris Agreement milestone**: This is the first Malaysia-South Korea initiative recognised under Article 6.2 of the Paris Agreement, generating Internationally Transferred Mitigation Outcomes (ITMOs)\n* **Timeline**: Preliminary development is set for 2027, with commercial operations targeted for 2029\n* **Coordinating body**: The Malaysian Bioeconomy Development Corporation (Bioeconomy Corporation) is coordinating the initiative\n* **Feedstock**: POME — generating 2.5 to 3.5 tonnes of waste per tonne of crude palm oil produced — provides abundant feedstock for bio-CNG conversion\n* **SLC track record**: The Korean partner has achieved 8.82 million tonnes of GHG reductions since 2006, bringing proven expertise to the partnership\n* **Signing venue**: The LOI was signed at DoubleTree by Hilton, Putrajaya\n\n## 中文\n\n* **签署合作伙伴关系**：马来西亚与韩国签署意向书（LOI），启动登嘉楼棕榈油厂沼气升级项目，利用棕榈油厂废水（POME）生产生物压缩天然气（bio-CNG）\n* **韩方合作伙伴**：韩国Polaris Bio Co Ltd和首都圈垃圾填埋场管理公社（SLC）与马来西亚MTC Orec Sdn Bhd合作\n* **投资规模**：总投资约7亿令吉（约1.69亿美元），计划在马来西亚建设超过20座bio-CNG工厂\n* **碳减排**：该项目预计每年可避免高达38.4万吨二氧化碳当量的排放，助力马来西亚脱碳目标\n* **巴黎协定里程碑**：这是首个获得巴黎协定第6.2条认可的马来西亚-韩国合作项目，可产生国际转让减缓成果（ITMOs）\n* **时间表**：初步开发计划于2027年启动，商业运营目标为2029年\n* **协调机构**：马来西亚生物经济发展机构（Bioeconomy Corporation）负责协调该倡议\n* **原料来源**：POME——每生产一吨棕榈原油产生2.5至3.5吨废水——为bio-CNG转化提供了丰富的原料\n* **SLC业绩记录**：韩方合作伙伴自2006年以来已实现882万吨温室气体减排，为合作带来了成熟的专业经验\n* **签署地点**：意向书在布城希尔顿逸林酒店签署","html_content":"

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\n\n","author":"Eternalgy Market Intelligence Team","tags":"malaysia, policy, market, tech","meta_description":"Malaysia and South Korea sign LOI for MYR700 million bio-CNG project targeting 20+ plants, 384,000 tonnes CO2e reduction, first Article 6.2 Paris Agreement initiative.","published":true,"created_at":"2026-06-19T00:00:00.000Z","updated_at":"2026-06-28T21:08:22.444Z","source_url":"https://www.bernama.com/en/news.php?id=2570468","source_name":"BERNAMA","published_at":"2026-06-19T00:00:00.000Z","noindex":false,"marketing_line":"Navigate Malaysia energy policies with Eternalgy. Solar & EV incentives: https://eternalgy.me/malaysia-and-south-korea-sign-loi-for-myr700-million-bio-cng-pipeline-targeting-20-plants-across-malaysia","marketing_line_cn":"Eternalgy助您把握马来西亚能源政策和太阳能电动车补贴：https://eternalgy.me/malaysia-and-south-korea-sign-loi-for-myr700-million-bio-cng-pipeline-targeting-20-plants-across-malaysia"},"schemaData":{"@context":"https://schema.org","@graph":[{"@type":"NewsArticle","@id":"https://eternalgy.me/malaysia-and-south-korea-sign-loi-for-myr700-million-bio-cng-pipeline-targeting-20-plants-across-malaysia#newsarticle","headline":"Malaysia and South Korea Sign LOI for MYR700 Million Bio-CNG Pipeline Targeting 20+ Plants Across Malaysia","description":"Malaysia and South Korea sign a Letter of Intent for a MYR700 million bio-CNG pipeline, targeting 20+ plants using palm oil mill effluent, with 384,000 tonnes CO2e annual reduction. First Malaysia-South Korea Article 6.2 Paris Agreement initiative.","image":["https://eternalgy.me/logo.png"],"datePublished":"2026-06-19T00:00:00.000Z","dateModified":"2026-06-28T21:08:22.444Z","author":{"@type":"Person","name":"Eternalgy Market Intelligence Team"},"publisher":{"@type":"Organization","name":"Eternalgy Sdn Bhd","url":"https://eternalgy.me","logo":{"@type":"ImageObject","url":"https://eternalgy.me/logo.png"},"foundingDate":"2023-09-15","sameAs":["https://eternalgy.com","https://solarpanels.my","https://solarpanels.onesync.my","https://solar100.com.my"]},"mainEntityOfPage":"https://eternalgy.me/malaysia-and-south-korea-sign-loi-for-myr700-million-bio-cng-pipeline-targeting-20-plants-across-malaysia","isBasedOn":"https://www.bernama.com/en/news.php?id=2570468"},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://eternalgy.me"},{"@type":"ListItem","position":2,"name":"Energy News","item":"https://eternalgy.me/news"},{"@type":"ListItem","position":3,"name":"Malaysia and South Korea Sign LOI for MYR700 Million Bio-CNG Pipeline Targeting 20+ Plants Across Malaysia","item":"https://eternalgy.me/malaysia-and-south-korea-sign-loi-for-myr700-million-bio-cng-pipeline-targeting-20-plants-across-malaysia"}]}]}}