Malaysian Palm Oil Board (MPOB) and Techbond Greentech Sdn Bhd will be working together to produce palm-based polyol which will be used in polyurethane adhesives to replace formaldehyde-based adhesives.
With the introduction of the polyol technology, Techbond Greentech will now produce sustainable palm oil-based polyol to produce new industrial grade polyurethane adhesives and ultimately commercialise the product.
MPOB and Techbond had on Tuesday signed a technology development deal for the production of polyol. MPOB director-general Dr Ahmad Parveez Ghulam Kadir handed over the document for the licensing technology to Techbond Greentech’s managing director Lee Seng Thye. MPOB chairman Datuk Ahmad Jazlan Yaakub witnessed the signing.
Last February, MPOB and Techbond Greentech Sdn Bhd signed a memorandum of agreement for the commercialisation of palm-based polyol technology. The deal involves two stages, namely, research and development to produce polyurethane adhesive formulations followed by commercialisation of technology.
Ahmad Jazlan said the joint venture was a win-win situation for the research and commercialisation of palm-based polyol products that could potentially be used in polyurethane adhesives.
“The involvement of the industry and local companies in the commercialisation of technology developed by MPOB has accelerated the progress of the downstream sector of the palm oil industry for the production of value-added palm-based products that generates high income.
Ahmad Jazlan said MPOB’s expertise in developing technology in the oil palm industry provides opportunities for local companies and small medium enterprises to capitalise on the business opportunities available for commercialisation of technology.
Lee said the joint venture enabled Techbond Greentech to become a pioneer in the palm oil-based industrial grade adhesives.
“We are confident that we will be able to produce an environmentally friendly industrial adhesives without the release of formaldehyde, based on the company’s initial assessment,” said Lee Seng Thye.
Ahmad Parveez said research on the production of palm-based polyol for use in polyurethane and non-polyurethane foam products has been conducted since the early 90s.
The process of producing palm-based polyol by MPOB was patented in Malaysia (MY-145702-A) and the United States (US7,932,409 B2), in 2007 and 2008, respectively.
As of 2019, MPOB has patented 369 technologies, launched 667 technologies and 174 services for commercialisation purposes.