Asia Plantation Capital Berhad confirms status as a bioeconomy company

As leaders in the field of sustainable plantation management and agarwood production, Asia Plantation Capital Berhad – the Malaysian arm of the APC Group – is proud to confirm that its project, ‘Production and Commercialisation of High-value Agarwood-based Products’ has been approved as a Bioeconomy Transformation Programme (BTP) ‘trigger project’ by the Malaysian Bioeconomy Development Corporation Sdn Bhd.

The Bioeconomy Transformation Programme (BTP) is a platform provided by the Malaysian government for the private sector to channel and maximise commercial opportunities in bio-based industries. Through the BTP, the Malaysian government and leading industry players work in tandem to set national goals for the application of biotechnology in agriculture production, industrial manufacturing and health.

This is achieved by establishing and putting in place the infrastructure and conditions that are required to develop the relevant mechanisms, and to ensure that policy is sufficiently flexible to respond to new opportunities.

Asia Plantation Capital has proven itself to be a pioneer and innovator in the sustainable plantation sector, and its Scientific Advisory Board, working alongside a team of researchers, has evolved technologies – many of which have been patented – to ensure that the once endangered species of Aquilaria tree is now flourishing in the wild and continuing to produce one of nature’s most precious substances.

The products made from the trees on Asia Plantation Capital’s estates have full CITES (the Convention on International Trade in Endangered Species of Wild Fauna and Flora) approval and certification – a testament to the fact that the company is passionate about its role in not only making sure that there are agarwood supplies around for future generations, but also that products are sourced ethically and sustainably.

The APC Group’s ‘from soil, to oil, to you’ story is a perfect example of a vertically integrated business model, in which control at each and every link of the supply chain ensures the known provenance of an extremely valuable commodity, as well as the highest product quality. All of this is achieved with an attendant respect and care for the environment. APC’s recent approval by Bioeconomy Corporation as one of the BTP’s trigger projects is due to the shared values and ethos of the two entities.

Although operating privately since 2002, Plantation Capital was officially established in 2008 in the UK, before incorporation as Asia Plantation Capital in Sri Lanka in 2009, followed by Thailand, Hong Kong, Singapore and Malaysia. With a workforce of more than 2,000 people and over 160 plantations globally, the company is now expanding its portfolio of forestry products to include bamboo and teak.

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