KUALA LUMPUR: Iskandar Regional Development Authority (IRDA) and Ronser Bio-Tech Berhad (Ronser) have signed a Memorandum of Understanding (MoU) to collaborate in waste management in Iskandar Malaysia.

“Iskandar Malaysia will reach its third phase of development next year as stated in the Iskandar Malaysia Comprehensive Development Plan and it is all about sustainability and innovation,” IRDA chief executive officer Datuk Ismail Ibrahim said in a statement last week.

Ismail added that this collaboration is one of Iskandar Malaysia’s initiatives towards achieving its objective in reducing carbon intensity emissions by 50% through Iskandar Malaysia’s Low Carbon Society Blueprint.

Under the MoU, Ronser is committed to set up a plant in Iskandar to manufacture Mass Bio System, which according to the integrated wastewater solutions provider, is a high technology and high value biological products by world standard

“I am happy to report that we had finalised the lease of a factory of 12,000 sq ft in Frontier Industrial Park at Maju Cemerlang, Ulu Tiram to set up the production facilities and expect to reach a production value of RM100 million for local and export market in three years and production is planned to commence in the first half of 2016,” Ronser’s chairman Woo Min Fong said.

This article first appeared in The Edge Financial Daily, on March 6, 2015.