DAVOS: Sabah has attracted initial investment interest of about US$300 million (RM1.4 billion) in the biomass and sustainable energy sector, reinforcing the state\u2019s ambition to transition towards a green economy and higher-value downstream industries.<\/p>\n
Invest Sabah Berhad chairman Datuk Roger Chin said the interest was expressed by Petra Seaga, which is currently evaluating a proposal to develop an integrated biorefinery complex utilising locally available biomass resources.<\/span><\/p>\n The proposed development would involve agricultural and forestry residues, including palm oil waste, to produce a range of products such as sustainable aviation fuel (SAF), biofuels, biochemicals, bioplastics and renewable power.<\/span><\/p>\n \u201cSabah welcomes this investment interest as a signal of confidence in the state\u2019s long-term direction. However, all projects will be subject to rigorous evaluation in terms of commercial viability, regulatory compliance and sustainability,\u201d Chin said.<\/span><\/p>\n He was speaking at Sabah House on the sidelines of the World Economic Forum (WEF) 2026 in Davos.<\/span><\/p>\n Chin noted that Sabah is well positioned for bioeconomy development due to its substantial biomass output from the palm oil, forestry and agricultural sectors.<\/span><\/p>\n He added that the initiative aligns with the state government\u2019s strategy to move away from a purely resource-based economy towards downstream processing, advanced manufacturing and green technologies, with a strong emphasis on ESG-compliant investments.<\/span><\/p>","protected":false},"excerpt":{"rendered":" DAVOS: Sabah has attracted initial investment interest of about US$300 million (RM1.4 billion) in the biomass and sustainable energy sector,…<\/p>","protected":false},"author":2,"featured_media":34954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[19],"tags":[],"class_list":["post-34956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/sabahnewstoday.com.my\/en\/wp-json\/wp\/v2\/posts\/34956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sabahnewstoday.com.my\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sabahnewstoday.com.my\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sabahnewstoday.com.my\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sabahnewstoday.com.my\/en\/wp-json\/wp\/v2\/comments?post=34956"}],"version-history":[{"count":1,"href":"https:\/\/sabahnewstoday.com.my\/en\/wp-json\/wp\/v2\/posts\/34956\/revisions"}],"predecessor-version":[{"id":34957,"href":"https:\/\/sabahnewstoday.com.my\/en\/wp-json\/wp\/v2\/posts\/34956\/revisions\/34957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sabahnewstoday.com.my\/en\/wp-json\/wp\/v2\/media\/34954"}],"wp:attachment":[{"href":"https:\/\/sabahnewstoday.com.my\/en\/wp-json\/wp\/v2\/media?parent=34956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sabahnewstoday.com.my\/en\/wp-json\/wp\/v2\/categories?post=34956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sabahnewstoday.com.my\/en\/wp-json\/wp\/v2\/tags?post=34956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}