The Terengganu state government will add another 1,000 hectares to the Kerteh BioPolymer Park in Kemaman.

“In three to five years, the area will be another drawcard for biotechnology investors, with foreign companies expected to invest RM7 billion,” state Industry, Trade and Environment committee chairman Datuk Toh Chin Yaw told Bernama after launching the Cycling Charity Marathon here today.

Toh said two companies — one Korean and one French, with total investments valued at RM2 billion — have been given some land, while US-based Gevo Inc has just signed a memorandum of understanding with the state government to invest RM1.65 billion in a bio-isobutanol manufacturing plant.

This does not include investment in research of at least RM60 million and by support industries, he said, adding the park will create some 3,500 skilled jobs including for local engineers and researchers.

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