Felda, FGV Seek To Redefine Palm Oil Role Through Waste-to-Wealth Shift

KUALA LUMPUR, April 16 (Bernama) -- By treating palm oil by-products as strategic resources rather than traditional waste, the Federal Land Development Authority (Felda) and FGV Holdings Bhd are seeking to redefine the role of palm oil in Malaysia’s future economy, driven by technological advancement.

FGV Plantation Division group director Izham Mustaffa said the company’s role extends beyond plantation operations, emphasising that its core function contributes to nation-building through the agricultural sector.

He said, firstly, the plantation and commodity company is focusing on land development to ensure that land is utilised productively, efficiently and sustainably to generate long-term socio-economic value.

He added that socio-economic advancement is also a key priority, with operations contributing to improved livelihoods, job creation and stronger communities.

“Agricultural modernisation, through the adoption of technology, innovation and best practices, is essential to future-proof and improve the sector. However, to enhance value, we must change one fundamental mindset.

“Waste is no longer a disposal issue; it is a resource and feedstock that we can harness,” he said.

Izham was speaking at the Mini Programme Advisory Committee Seminar 2026 titled 'Waste to Wealth: Opportunities in Green Energy and Circular Economy', held online today.

He noted the importance of converting biomass into green energy, which is increasingly critical amid global uncertainties.

“Biomass must be treated as a system, not as a by-product or waste. We can adopt a hub-and-spoke model, where estates and communities serve as supply nodes, while a central processing hub ensures quality and efficiency,” he added.

-- BERNAMA