April 7, 2015 Posted by Admin in Past Events

Ground Breaking Ceremony for Nano Solar Factory & Nano Valley

Venue: Behrang, Tanjung Malim, Perak

Date: 6th April 2015

Time: 9 a.m.

This ceremony is organized with the main intention to announce the commencement of construction for the world’s first Nano Valley in Behrang, Perak, Malaysia. Nano Valley is a collaboration between Nanopac Innovation Limited and NanoMalaysia Berhad.

With the convergence of nanotechnology and green technology, the demands and needs for renewable energy industry are increasing in the mainstream economies worldwide. Coupled with human’s awareness in pursuing an eco-friendly environment, Nanopac is taking an exemplary and leading role in this sector by setting up Nano Valley, the world’s first ever nanotechnology-based solar research factory.

In Malaysia, the importance of renewable energy as an enabler of economic growth is reinforced in the 9th Malaysia Plan (2006-2010). Under the Small Renewable Energy Power Programme, small power plants utilizing renewable energy can apply to sell electricity to the utilities companies through distribution grid systems. This project applies to all types of Renewable Energy namely biomass, biogas, municipal waste, mini-hydro, wind and solar. On the government front, development of new sources such as solar and wind has been given emphasis on utilizing cost-effective technology under 9MP. As a developing country, Malaysia assumes a leading role in making the world greener by aligning its national initiatives to the Kyoto Protocol aiming to reduce its carbon footprints by 40% reaching 2020 compared to 2005 levels as announced in 2009, and with a portfolio of top-down approaches in the form of national policies and initiative encompassing Biotechnology and Green Technology, and Nanotechnology respectively.

In 2006, Dato’ Sri Najib Abdul Razak launched the National Nanotechnology Statement which led to the composition of the Malaysian Nanotechnology Initiative 4 years later. Due to its cross cutting nature, nanotechnology also touches renewable energy and as an enabling technology, it has been responsible for quantum leaps in green technology by offering new ways on energy harvesting, improved efficiency, increased productivity and importantly, cost reduction through less utilization of raw materials. Deemed as a strategic engine for the country’s economic growth apart from being a revolutionary tool catalyzing the energy industry, the Prime Minister declared in October 2009,

“Nanotechnology development would be given priority and be made one of the resources of the new economic model.”

 

During the last Renewable Energy Conference in Conjunction with Successful IPO Listing in NSX & FSE which was held at Dorsett Grand Hotel on 30th November 2014, it was announced by Nanopac’s Chief Executive Officer, Dato’ Dr. Cheng Kok Leong that Nano Valley would commence its construction on the early 2nd Quarter of this year. The project which is valued at RM300 million would be having its official ground breaking event on the 6th of April 2015. The ceremony will also be graced by Guests of Honor, Y.B. Datuk Dr. Abu Bakar Mohamad Diah, Deputy Minister of Science, Technology and Innovation, Yang Berusaha. Dr. Rezal Khairi Ahmad, C.E.O of Nano Malaysia.

Nano Valley is the future direction of Nanopac. It is a project that would greatly benefit our country in terms of technology advancement, leader in renewable energy promotion and wealth creation. Nano Valley is a concept where it will house 20 top world-class Nanotechnology companies and form the complete value chain in the Nanotechnology development. One of the unique concepts of this project is that all the buildings in Nano Valley will use the state-of-the-art self-sustaining green energy system. This project also targeted to build all the companies in Nano Valley into a potentially lineup for IPO in New York Stock Exchange (NYSE). Last year, Nanopac has achieved this potentiality by becoming the first company to be in Nano Valley as well as the first company to go IPO on both National Stock Exchange of Australia (NSX) and Frankfurt Stock Exchange (FSE). The construction of Nano Valley will consist of 3 phases and it is expected to complete in 5 years’ time. Once completed, Nano Valley will attract at least RM500 million foreign investments and create 10,000 jobs for the next 3 years. The technologies and Intellectual Property brought into Nano Valley will be from US, Germany, UK, Japan, Korea and China.

   
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