Verdezyne awarded “BioNexus” status by government of Malaysia

In Malaysia, Verdezyne was awarded “BioNexus” status by Malaysian Biotechnology Corporation. BiotechCorp is an agency under the purview of the Malaysian Ministry of Science, Technology and Innovation. As part of its collaboration with BiotechCorp, Verdezyne expects to open a bio-based chemical production facility in Malaysia.

BioNexus status is awarded to qualified companies undertaking value-added biotechnology and/or life sciences activities in Malaysia, and includes fiscal incentives, grants and other guarantees to assist growth. Verdezyne was awarded BioNexus status by the Prime Minister of Malaysia, The Right Honourable Dato’ Sri Mohd Najib Bin Tun Haji Abdul Razak.

More on the story.