The strategic partnership between VentureTECH Sdn Bhd (VentureTECH) and MTC Orec Sdn Bhd (MTC Orec) is aimed at accelerating the development of MTC Orec’s biomethane plants, reinforcing both companies’ commitment to sustainable growth and renewable energy (RE) innovation.
In a joint statement, the companies revealed that VentureTECH’s investment will support the establishment of new biomethane plants in Malaysia’s northern and east coast regions.
The investment will also enable the execution of a biomethane project in partnership with a leading oil and gas player, which is set to commence next year.
These efforts are expected to make a significant contribution to Malaysia’s RE goals, drive sustainable growth and strengthen the nation’s commitment to reducing carbon emissions.
VentureTECH chief executive officer Ahmad Redzuan Sidek said the investment reflects the company’s dedication to supporting forward-thinking businesses that promote both economic growth and environmental sustainability.
“MTC Orec’s expertise in bioenergy and its contributions to Malaysia’s RE targets make it an ideal partner.
“This collaboration will not only reduce carbon emissions and promote RE adoption, but also create opportunities for Bumiputera companies and local communities. Together, we are paving the way for a more sustainable and inclusive energy landscape,” said Ahmad Redzuan.
He further noted that the partnership will foster the creation of high-value jobs and nurture engineering expertise, particularly in rural and underserved areas.
“MTC Orec’s innovative projects align with Malaysia’s aspirations for sustainable and inclusive growth, driving positive societal and economic transformation,” he added.
Meanwhile, MTC Orec chairman Dr Norshah Hafeez Shuaib said the investment reflects the trust and confidence that VentureTECH has in the company’s vision and capabilities.
“It will empower us to scale our operations, deliver cutting-edge biomethane projects and make meaningful contributions to environmental preservation and rural development.
“Together with VentureTECH, we are setting a new benchmark for sustainable energy solutions that will benefit generations to come,” he added.
The partnership underscores the shared vision of VentureTECH and MTC Orec, a local engineering company specialising in the bioenergy sector, to advance Malaysia’s RE ecosystem.
The company even developed one of the first Palm Oil Mill Effluent (POME)-based biomethane plants to directly inject biomethane into Malaysia’s national gas pipeline, underscoring its leadership in aligning innovative solutions with Malaysia’s sustainability agenda.
Meanwhile, VentureTECH is a government-backed impact investment company focused on catalysing the growth of local industries, particularly Bumiputera, in high-value and high-technology sectors through equity investment.
By championing impactful biogas projects, the collaboration promises long-term environmental, economic and social benefits while driving innovation and sustainability in Malaysia’s energy sector, paving the way for a greener, more inclusive future.
