RM800000 Deal Powers SumiSaujana Bio-Based Chemicals Push Ahead of IPO

On April 7, 2025, Malaysian specialty chemicals producer SumiSaujana Group announced a major step in its green transformation journey, just weeks before its upcoming listing on Bursa Malaysia’s ACE Market. The company has inked a key licensing and commercialization agreement with the Malaysian Palm Oil Board (MPOB) to develop palm oil-based polyols and intermediates for global industrial markets.

Through this deal, SumiSaujana’s wholly owned subsidiary, SumiSaujana TCM Chemicals Manufacturing, gains access to MPOB’s proprietary technologies for manufacturing bio-based polyester polyols and renewable polyol compounds—vital ingredients in polyurethane, adhesives, rubber, coatings, and textiles.

The agreement outlines a phased payment of RM800,000 (approx. RMB 1.31 million) over five years as a one-time licensing fee, plus a 2% royalty on total revenue generated from products made using the licensed technology. The initial license term spans five years with extension options.

“This agreement is a pivotal step in our long-term growth strategy,” said Norazlam Norbi, Executive Director and CEO of SumiSaujana. “Incorporating sustainable palm innovations into our portfolio not only enhances value but also aligns us with the global shift toward eco-conscious manufacturing.”

MPOB’s proprietary innovations offer renewable alternatives to traditional petroleum-derived inputs used in polyurethane applications across industries such as automotive, construction, and consumer goods.

MPOB Director General Ahmad Parveez Ghulam Kadir emphasized, “This collaboration is more than a licensing deal—it exemplifies how public-private partnerships can drive sustainable industrial advancement.” The initiative is part of the MPOB’s 2030 Public-Private Partnership Master Plan, aimed at elevating Malaysia as a hub for sustainable and biotech-based innovation.