BURSA MALAYSIA

BURSA CARBON EXCHANGE
FIRST MALAYSIA TECHNOLOGY-BASED BIOMASS CARBON CREDITS AUCTION

This BCX auction aims to shape the domestic carbon market landscape by facilitating a price discovery for the trading of biomass carbon credits generated from technology-based carbon projects in Malaysia. The auction will continue to provide a reference price for carbon credit trading and set a tangible price signal for potential project developers.

Auction Details

Tentative Date:	29 September 2026
Time:	Malaysia time (MYT)
Bidding Window:	1st Session — 10:00 am to 12:00 pm 2nd Session — 2:00 pm to 4:00 pm
Contract Type:	Malaysia Technology-Based Carbon Contract (MTC)
Standard:	Verified Carbon Standard (VCS)
Volume:	To be confirmed
Bidder's requirement:	Entity must first be onboarded as an approved Participant of BCX
Bidding Process:	Full pre-funding amount is required to cover the bid and transaction costs. Bids are to be submitted by bidders via BCX’s auction system.
Allocation:	Allocation ranking will be prioritised on a price-volume-time-basis.
Payment:	Auction is based on pay-as-bid. Once allocation is completed at the end of auction, successful bidders will pay based on the price they have submitted for their bid. Terms and conditions apply.

Project

Malaysia Grouped Biomass Waste Recovery and Utilization Project

Project Name: The Malaysia Grouped Biomass Waste Recovery and Utilization Project
Project Type: Energy industries (renewable/non-renewable sources)
Contract Type: Malaysia Technology-Based Carbon Contract (MTC)
Project ID: 5542
Vintage: v2023 and/or v2024 (To be confirmed)
Location: Penang, Malaysia
Project Status: Registered
Reserve Price / Contract: RM25-RM30 (To be confirmed)

The Malaysia Grouped Biomass Waste Recovery and Utilization Project is a national-scale initiative aimed at catalysing the transition from underutilised biomass waste to sustainable energy generation in Malaysia. Through this approach, the project delivers dual climate benefits: avoiding landfill-related CH₄ emissions and reducing CO₂ emissions associated with coal and gas combustion. This grouped project aggregates multiple sites and technologies under a single framework, significantly reducing transaction and validation costs particularly benefiting small and medium-scale facilities that previously lacked the financial or technical means to participate in carbon markets.

Under the grouped project structure, each participating mill is treated as a separate Project Activity Instance (PAI). For this monitoring period, the project currently includes two PAIs: PAI 1, Muda Paper Mills Sdn. Bhd., and PAI 2, Eppor Pack Sdn. Bhd., both located in Penang. Both PAIs utilise biomass waste as a renewable energy source to generate heat and electricity, reducing reliance on fossil fuels and contributing emission reductions that generate carbon credits under the registered grouped project. As a grouped project, additional eligible mills may be added as new PAIs in future monitoring periods.

To find out more, BCX, in collaboration with Climate Quest Sdn Bhd, is delighted to host a webinar on Malaysia’s first technology-based biomass carbon credits auction, providing you a firsthand insight on the upcoming auction.

Join Muhammad Rizal Azmi, Vice President, Business & Product Development, BCX and Alice Yeo, Managing Director at Climate Quest Sdn Bhd as they:

Introduce the Malaysia Grouped Biomass Waste Recovery and Utilization Project
Explain the auction format
Describe the process of participating in the auction
Answer your questions via a Q&A session

About the Speakers

MUHAMMAD RIZAL AZMI
Vice President, Business & Product Development, BCX

Muhammad Rizal Azmi has close to two decades of experience across power, renewables and sustainability. Starting as a production engineer, he transitioned to business development at Malakoff Corporation, Malaysia’s largest power producer. Between 2015-2017, he undertook a passion project in organic farming, before returning to corporate business development roles. This includes venturing into the district cooling sector under the ENGIE Group, and eventually the solar sector under Plus Xnergy.
Rizal’s foray into the carbon industry started with him joining Bureau Veritas, a leading carbon validation & verification body (VVB). He is currently the Vice President of Business & Product Development at Bursa Carbon Exchange (BCX), playing a key role in shaping the future of voluntary carbon and renewable energy certificates (RECs) trading. Rizal is an engineering graduate of University Teknologi PETRONAS (UTP) and holds a MicroMasters in Sustainable Energy from University of Queensland.

ALICE YEO
MANAGING DIRECTOR, CLIMATE QUEST SDN BHD

Alice Yeo is the Managing Director of Climate Quest Sdn. Bhd., leading carbon project development and sustainability advisory work across Southeast Asia. She has worked on 60+ carbon project feasibility studies, with 20+ projects in the pipeline across sectors such as biomass, biogas, landfill gas, plastic credits, and RECs.
She led the development of Malaysia’s first Verra VCS registered grouped biomass carbon project, enabling smaller project owners to access the voluntary carbon market. Climate Quest is now scaling similar grouped models across multiple project types.
Alice provides end-to-end support from feasibility to issuance and trading, including monetisation and investment facilitation, bridging technical carbon development with commercial market access.

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Designated contact person	Manager, Customer Care and Complaints Bureau
Mailing address:	Customer Care Center Exchange Square Bukit Kewangan, 50200 Kuala Lumpur.
Telephone No:	(603) 2026 5099
Fax No:	(603) 2026 4122
Email address:	[email protected]

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Notis Data Peribadi

Untuk tujuan notis data peribadi ini, terma-terma “data peribadi” dan “pemprosesan” mempunyai maksud sepertimana yang ditakrifkan dalam Akta Perlindungan Data Peribadi 2010 (selepas ini dirujuk sebagai “APDP”). Rujukan kepada “Bursa” dan “kami” merangkumi Bursa Malaysia Berhad dan syarikat-syarikat berkaitan Bursa Malaysia Berhad.

Notis data peribadi ini bertujuan memaklumkan anda bagaimana data peribadi anda diproses oleh atau bagi pihak Bursa.
Data peribadi anda yang diproses oleh kami termasuk nama, maklumat perhubungan, alamat e-mel, data peribadi lain yang diperlukan untuk tujuan yang dinyatakan dalam perenggan 3 di bawah dan apa-apa data peribadi yang diserahkan atau disediakan oleh anda kepada kami dari masa ke semasa
Data peribadi anda bakal digunakan untuk tujua-tujuan berikut (secara keseluruhan “Tujuan”):
1. Untuk berkomunikasi dengan anda;
2. Untuk membolehkan komunikasi di atau melalui laman web Voluntary Carbon Market;
3. Untuk membolehkan kami melaksanakan semua obligasi kontrak;
4. Untuk membolehkan penyelesaian/resolusi untuk kebimbangan dan aduan dicapai;
5. Untuk memberikan maklumat berkenaan kegiatan-kegiatan dan program-program berkaitan dengan voluntary carbon market atau maklumat berkaitan dengan kegiatan-kegiatan tersebut;
6. Untuk menjalankan penyelidikan untuk tujuan analisis termasuk tetapi tidak terhad kepada “data mining” dan analisis kegunaan anda apabila mengakses laman web ini;
7. Untuk memberikan maklumat berkenaan produk-produk dan perkhidmatan kami serta pihak ketiga yang mungkin menarik minat anda;
8. Untuk mewujudkan direktori atau pangkalan data (“database”) sama ada untuk penerbitan atau tidak;
9. Untuk penyelidikan dan penambahbaikan kegiatan-kegiatan, program-program, produk-produk dan perkhidmatan; dan
10. Untuk apa-apa tujuan lain yang bersampingan dengan atau berlanjutan daripadaTujuan yang dinyatakan di atas.

Anda boleh mengakses dan meminta untuk pembetulan data peribadi anda. Sila hubungi kami melalui cara berikut sekiranya anda mempunyai apa-apa pertanyaan atau aduan berkenaan dengan data peribadi anda:

Perjawatan orang yang boleh dihubungi:	Manager, Customer Care and Complaints Bureau
Alamat Pos:	Customer Care Center Exchange Square Bukit Kewangan, 50200 Kuala Lumpur.
No. Telefon :	(603) 2026 5099
No. Faks:	(603) 2026 4122
Alamat E-mel:	[email protected]

Selaras dengan APDP:
1. Kami mungkin mengenakan bayaran untuk memproses permintaan anda untuk mengakses data peribadi anda; dan
2. Kami boleh menolak permintaan anda untuk akses atau pembetulan data peribadi anda.
Data peribadi anda mungkin dizahirkan kepada:
1. syarikat induk, anak-anak syarikat dan syarikat-syarikat berkaitan dan/atau bersekutu kami;
2. pemegang-pemegang lesen, penganjur acara bersama, rakan-rakan kongsi perniagaan, “market participants”, ejen-ejen, kontraktor-kontraktor, pemberi khidmat kami dan mana-mana pendaftar;
3. Suruhanjaya Sekuriti, Bank Negara Malaysia, Polis Malaysia, Suruhanjaya Pencegah Rasuah Malaysia, Suruhanjaya Syarikat Malaysia, Jabatan Pendaftar Pertubuhan dan pihak berkuasa penyeliaan, agensi kerajaan atau pihak berkuasa lain yang berkaitan;
4. Mana-mana pihak kepada mana kami ada obligasi untuk menzahirkan data peribadi anda di bawah undang-undang atau selaras dengan arahan atau garispanduan yang dikeluarkan oleh badan-badan kawal selia atau pihak berkuasa yang Bursa and anak-anak syarikatnya perlu mematuhi.
5. Juruaudit, firma-firma atau entiti-entiti profesional,
6. Mana-mana pihak lain yang berkenaan dengan perniagaan dan fungsi Bursa Malaysia, walaupun mana-mana pihak mungkin berada di luar Malaysia, atau dizahirkan untuk apa-apa Tujuan yang dinyatakan di atas atau apa-apa tujuan yang baginya data peribadi anda hendak dizahirkan pada masa pengumpulannya atau apa-apa tujuan lain yang berhubungan secara langsung dengan mana-mana Tujuan yang dinyatakan di ata atau di mana penzahiran adalah dikehendaki atau dibenarkan oleh undang-undang atau perintah mahkamah.
Sekiranya tidak dinyatakan sebaliknya oleh kami pada masa pengumpulan data peribadi, adalah wajib bahawa anda membekalkan kami dengan data peribadi yang diminta oleh kami.
Sekiranya anda gagal untuk membekalkan data peribadi yang dinyatakan di atas, kami mungkin tidak dapat memproses data peribadi anda bagi mana-mana Tujuan yang dinyatakan di atas dan anda mungkin melanggar syarat-syarat bagi peraturan-peraturan Bursa yang berkaitan.
Data peribadi anda mungkin akan dihantar atau dipindahkan ke lokasi-lokasi di luar Malaysia.
Sekiranya terdapat ketidakseragaman antara versi Bahasa Inggeris dengan versi Bahasa Malaysia notis ini, maka versi Bahasa Inggeris akan digunapakai.
Notis data peribadi ini boleh dipinda pada bila-bila masa dan notis data peribadi yang telah dipinda akan dipaparkan di laman web ini dan/atau melalui apa-apa cara komunikasi yang lain yang dianggap sesuai oleh Bursa Malaysia.

Dengan membekalkan data peribadi anda kepada kami, anda dengan ini, membenarkan pemprosesan data peribadi anda selaras the segala yang dinyatakan di atas.