Climate Finance Accelerator Malaysia unveils its 2026 cohort of low-carbon innovators

KUALA LUMPUR, 23 June 2026: Twelve businesses have been selected for the 2026 cohort of the Climate Finance Accelerator (CFA) Malaysia after successfully passing a rigorous vetting process.   
 
They form the inaugural cohort of the UK-funded CFA in Malaysia, a global technical assistance programme helping low-carbon businesses access investment for their projects. The shortlisted businesses stood out for their strong track record in technical and commercial fundamentals, and potential to deliver meaningful climate impact in support of the country’s Nationally Determined Contributions (NDCs). 

The cohort spans sectors such as energy, waste and circular economy, buildings and construction, industry and manufacturing, transport, and agriculture.

His Excellency Ajay Sharma CMG, British High Commissioner to Malaysia, said:  

“The Climate Finance Accelerator is a great example of the UK-Malaysia partnership delivering real climate and economic impact. The programme strengthens the capabilities of businesses aligned with Malaysia’s national climate plans to become investment-ready and globally competitive. This inaugural cohort represents the future of Malaysia’s low-carbon economy as they lead climate transition with innovative, scalable solutions.” 
 
Kay-Li Kim, Deals Partner, Capital Projects and Infrastructure Leader, PwC Malaysia, said:  

“The diversity of our inaugural CFA cohort represents the promising pipeline of climate opportunities supporting Malaysia’s journey to net zero. It’s heartening to see our country’s low-carbon ecosystem evolving to support new solutions in line with the global shift towards scalable and impact-driven investments. The CFA helps bring greater visibility and credibility to these businesses as they continue to develop and connect with potential sources of capital.” 
 
Through the programme, participating businesses will receive tailored support designed to enhance their investment readiness and improve access to finance. Delivered through a mix of structured capacity building workshops and targeted advisory support, the CFA brings together experts across financial, technical, and gender equality, disability and social inclusion dimensions to help businesses strengthen their propositions and better engage potential investors.

The programme will run until November 2026, culminating in an investor engagement event that enables project developers to strengthen their visibility and pitch to climate investors.  

CFA Malaysia is implemented by PwC Malaysia.  

For more details on the programme, please contact Kay-Li Kim at kay-li.kim@pwc.com. 

ENDS

Notes to editors

• The Climate Finance Accelerator (CFA) is a technical assistance programme funded by the International Climate Finance (ICF), through the UK government's Department for Energy Security and Net Zero (DESNZ). The CFA is implemented in ten countries (in addition to Malaysia, it operates in Colombia, India, Indonesia, Kenya, Vietnam, Mexico, Pakistan, South Africa, and Thailand) and is working to develop a sustainable pipeline of bankable, low-carbon projects in each country. The CFA is part of the UK's efforts to support climate action on a global scale, facilitating access to finance and helping governments achieve climate targets under the Paris Agreement.   

• The 12 selected businesses are: 

  • ByoMax Pte. Ltd. 
    ByoMax converts biomass and waste carbon into purified drop-in products that directly replace fossil carbon, fuels, energy, and materials across hard-to-abate industries. 
  • Entomal Biotech Sdn. Bhd. 
    Entomal Biotech converts food waste into sustainable insect protein and organic fertiliser through Black Soldier Fly technology, enabling circular economy solutions and carbon offset impacts. 
  • FatHopes Energy Sdn. Bhd. 
    FatHopes Energy decarbonises aviation from waste to wing, operating an integrated feedstock aggregator and building a 300,000 tonnes per annum (TPA) Sustainable Aviation Fuel (SAF) refinery in Malaysia, backed by proprietary digital traceability. 
  • Hangterra Composite Sdn. Bhd. 
    Hangterra commercialises proprietary bamboo fibre technology to produce scalable, low-carbon materials that replace fossil-based alternatives for geotextiles, composites, building materials, and sustainable infrastructure applications. 
  • IOI Palm Wood Sdn. Bhd. 
    IOI Palm Wood transforms underutilised oil palm trunks into OnCore® engineered panels, providing a zero-deforestation timber alternative that locks biogenic carbon and avoids methane emissions. 
  • Materials In Works Sdn. Bhd. 
    Materials In Works transforms difficult-to-recycle label liner waste into circular cellulose materials, reducing incineration, carbon emissions, and dependence on virgin packaging resources. 
  • MEC ClearWaste Berhad 
    Transforming solid waste infrastructure, MEC ClearWaste utilises globally patented technology to sustainably process clinical and municipal waste, driving critical decarbonisation and mitigating environmental impact. 
  • Nichcom Go Sdn. Bhd. 
    Nichcom Go develops electric vehicle (EV) charging infrastructure. Their SPACEPLUS app manages EV charging access, supporting EV adoption and potentially lowering transport emissions through cleaner mobility. 
  • Qarbotech Sdn. Bhd. 
    Qarbotech’s proprietary biostimulant, QarboGrow, enhances photosynthesis in crops, reducing chemical inputs and emissions while improving yields for farmers globally. 
    
  • Sage Promaster Sdn. Bhd. 
    Sage Promaster pioneers cradle-to-cradle circular economy solutions, transforming hazardous waste into Sagefuels® - a coal replacing green fuel that abates fossil use while eliminating landfill and incineration. 
    
  • Tigasfera Greentech Sdn. Bhd. 
    Tigasfera Greentech delivers decarbonisation-as-a-service by transforming biomass waste into biochar and renewable energy, sequestering carbon, and generating carbon removal credits while advancing a circular bioeconomy. 
    
  • Zetatech Sdn. Bhd. 
    ZetaTech advances climate resilience through innovative nano additives for cooling and carbon removal, reducing pollutant emissions, enhancing energy efficiency, and accelerating a sustainable future. 

• The CFA was launched in Malaysia on 5 February 2026 by Yang Berhormat Tuan Liew Chin Tong, Deputy Minister of Finance of Malaysia and His Excellency Ajay Sharma.  

• Follow the activities of the global CFA programme here.  

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