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
Date: 13 October 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
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.