Malaysia's Nanopac Confident Of Securing US$60 Mln Green Tech Deal

By Niam Seet Wei ASTANA (Kazakhstan), June 28 (Bernama) -- Malaysia’s pioneer in providing nanotechnology solutions, Nanopac (M) Sdn Bhd, is confident of securing a US$60 million (US$1= RM4.30) green technology deal with Switzerland-based company, GC Global Consulting GMBH, this September. Nanopac Chief Executive Officer (CEO), Dr Cheng Kok Leong, said the three-year deal was expected to be inked in September after GC Global CEO/ Founder, Raffael Wullschleger paid a visit to the company’s facilities in Malaysia next month. “Under the agreement, GC Global will promote our nanotechnology and hybrid solar system technologies in residential and commercial projects in Kazakhstan, India, US, Switzerland, UK, Germany and Africa. “They will also provide funding for business ventures and projects in nano light energy panel, nano photovoltaic, or self-sustaining toilet system,” he told Malaysian media after exchanging the memorandum of understanding (MOU) with Wullschleger at the Malaysian pavilion here Wednesday. Malaysian Ambassador to Kazakhstan, Syed Mohamad Bakri, and Bioindustrial Senior Vice-President Zainal Azman Abu Kassim, witnessed the exchange ceremony. Cheng said GC Global would also be Nanopac's marketing arm of the former's projects, source for joint-venture partners and/ or renewable energy projects to participate in. He said currently, Nanopac has three plants – Puchong and Tanjung Malim (Malaysia) and South Korea. Meanwhile, Wullschleger said, Nanopac could offer the green technology at an affordable price. “For example, there are over 100,000 houses without toilets in Germany, which is also one of the biggest challenge that we face now. And Nanopac has a solution for that,” he said. Today's MOU is the fifth being exchanged at the three-month long Astana Expo, 2017, which started on June 10, 2017. Prior to this, Malaysia has secured over US$1.6 billion in potential trade and investments within just the first three weeks of the event, far surpassing the RM1 billion target set for the expo. -- BERNAMA