BURSA CARBON EXCHANGE
FIRST MALAYSIAN TECHNOLOGY-BASED
CARBON CREDITS AUCTION
18 JUNE 2025

This BCX auction aims to shape the domestic carbon market landscape by facilitating a price discovery for the trading of 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

Join us for our auction. The details are as follows:

Date: 18 June 2025
Time: Malaysia time (MYT)
Bidding Window: 1st Session - 10.00am to 12.00pm
2nd Session - 2.00pm to 4.00pm
Contract Types: Malaysia Technology-Based Carbon Contract (MTC)
Standard: Verified Carbon Standard (VCS)
Minimum Volume: 1,000 Contracts (with a minimum incremental bid of 1 Contract)
Onboarding: Entity must first be onboarded as an Approved Participant of BCX
Bidding Process: Full pre-funding of 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.
All participants will pay the same clearing price, once allocation is completed.
Terms and conditions apply.
Project
Project Name: Monsoon Methane Avoidance from Industrial Wastewater in Malaysia Grouped Project
Project Type: Waste handling and disposal
Contract Type: Malaysia Technology-Based Carbon Contract (MTC)
Project ID: 4279
Vintage: 2023
Location: Perak, Malaysia
Project Status: Registered
Reserve Price/ Contract: RM 36.00

The Monsoons Methane Avoidance from Industrial Wastewater in Malaysia is the first Grouped Project registered under Verra’s Verified Carbon Standard (VCS). It implements biogas recovery, flaring and/or utilisation systems for industrial wastewater treatment in Malaysia.

The Grouped Project reduces greenhouse gas (GHG) emissions from industrial facilities by capturing biogas generated in open wastewater treatment systems instead of allowing it to escape into the atmosphere.

The first Project Activity Instance (PAI1) is the Langkap Biogas Plant, implemented at Langkap, in the State of Perak, Malaysia, about 80km south from the city of Ipoh and 150km north of Kuala Lumpur. PAI1 treats wastewater from a palm oil mill through the installation of a biogas digester system within the existing wastewater treatment system at the mill. It also treats the biogas and uses it to generate electricity for supply to the national electricity grid.

Webinar


BCX, in collaboration with Cenergi SEA Berhad and Monsoon Carbon Pte Ltd, is delighted to host a webinar on Malaysia’s first technology-based carbon credits auction, providing you firsthand insights on 15 May 2025.

Join Nesa Albeper, Head of Corporate Strategy & Sustainability at Cenergi SEA, Angus McEwin, Managing Director and Founder of Monsoon Carbon and Muhammad Rizal Azmi, Assistant Vice President of Business Development & Sales at BCX as they:

  • Introduce the Monsoon Methane Avoidance from Industrial Wastewater in Malaysia Grouped Project
  • Explain the auction format
  • Explain the auction participation process
  • Answer your questions via the Q&A session
About the Speakers
Nesa currently serves as the Head of Corporate Strategy & Sustainability at Cenergi SEA Berhad, a leading renewable energy project developer in Malaysia. With 30 years of expertise in complex program development, environmental management, sustainability, and operational safety, she is a highly experienced professional with extensive multicultural exposure. Her career includes consulting roles at AECOM across the Asia-Pacific region and key leadership positions at Talisman Upstream Oil & Gas and Sime Darby, a Malaysian government-linked company (GLC).
At Cenergi SEA, Nesa leads the development of energy and carbon instruments market, including Renewable Energy Certificates (RECs) and technology-based carbon credit projects. Under her leadership, her team successfully registered Malaysia’s first technology-based carbon credit under the Verra registry in December 2024. She also serves as Secretary of the Malaysia Carbon Market Association (MCMA), that plays a pivotal role in advocating for a robust carbon market ecosystem, fostering collaboration between the private sector and government agencies, and enhancing market liquidity and scalability across the ASEAN region.
Angus is the Founder and Managing Director of Monsoon Carbon Pte Ltd and has over 20 years of sustainability consulting experience in South East Asia across various sectors. As a consultant for Monsoon Carbon and previously for Environmental Resources Management (ERM), Angus has worked on numerous renewable energy projects in the region. His climate change work began at ERM CVS as a Designated Operational Entity (DOE) for the UNFCCC’s Clean Development Mechanism (CDM) in 2009-2010, validating many renewable energy projects. He also conducted financial additionality analysis for over 30 carbon projects. In 2011, Angus founded Monsoon Carbon to help project owners register carbon projects. From 2016 to 2018, Angus was the ESG Manager and Investment Officer for Armstrong Asset Management, working on renewable energy projects for Armstrong’s South-East Asia Clean Energy Fund. He holds an Honours Degree in Natural Resource Economics, a Master of Environmental Science, and is a Chartered Financial Analyst (CFA).
Muhammad Rizal Azmi is currently heading the Business Development and Sales Unit at BCX. He brings with him almost two decades of experience in energy, renewables, and sustainability. Starting as a production engineer, he transitioned to business development at Malakoff Corporation, Malaysia’s largest independent power producer (IPP). He then took a 3-year sabbatical to undertake a passion-project in organic farming, before returning to corporate roles under the ENGIE Group and subsequently Plus Xnergy. He eventually joined Bureau Veritas, a leading carbon validation & verification body (VVB) in the carbon ecosystem, before undertaking his current role in BCX.
Register Your Interest
If you would like to be a part of our First Malaysian Technology-Based Carbon Credits auction, please register your company’s interest with us by completing the form below and we will be in touch as soon as possible.