The critical role of Rare Earth Elements (REE) in modern technology has positioned Malaysia as an emerging leader in this high-value sector, according to the Science, Technology and Innovation Minister Chang Lih Kang.
He said that the ministry has been fostering the growth of the REE industry through research, development, commercialisation, innovation, and the application of cutting-edge technologies.
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He said that the ministry has been fostering the growth of the REE industry through research, development, commercialisation, innovation, and the application of cutting-edge technologies.
Read more at https://tinyurl.com/43ndhnn4
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00Also, Nadir Bumi, or REE, which is one of the four main advanced materials,
00:07besides graphene, nitinol, and polymer cellulose microhubble,
00:11which is focused under the HALA 7 technology plan,
00:14the advanced materials of the country 2021-2030 NAMTR,
00:20has high strategic value and continues to receive high demands,
00:24which has increased globally,
00:27especially in strategic sectors such as electronics, energy, and health.
00:32The importance of REE in modern technology
00:35has made it a critical component in supporting the competitiveness of the country's industry.
00:40For your information,
00:42the Ministry of Science, Technology and Innovation must play a role
00:46in the development of the REE industry in Malaysia
00:48by providing support to the current research, development, commercialization, innovation, and implementation of technology.
00:57The Ministry of Science, Technology and Innovation must lead the technical power of research, development, commercialization, innovation, and technology
01:03for the special task force established for REE.
01:07The main responsibility of the Ministry is to strengthen the research and innovation ecosystem,
01:12ensure the management of sustainable REE resources,
01:16and develop the capacity to meet the needs of this sector.
01:21It must also promote the development of new technologies
01:25to support the REE sector in a sustainable and competitive manner globally.
01:30To realize this information,
01:33it must take strategic steps through the following main initiatives.
01:39First, the development of the 7th State Advanced Technology Plan.
01:45The 7th State Advanced Technology Plan provides support for high-tech development
01:51with REE as one of the main drivers to ensure that Malaysia continues to advance in this field.
01:58Second, the establishment of the State Advanced Materials Consortium, NAMC.
02:02NAMC serves as a collaborative platform between government agencies,
02:07research institutions, and industries to promote the development and application of advanced materials in Malaysia.
02:14Third, the funding program for research grants through strategic funds.
02:19It must provide two types of strategic funds,
02:22namely the Strategic Research Fund, or SRF.
02:27Under the SRF, there are two types, one is the Applied Research Program,
02:30and the second is the Request for Proposal.
02:34With a funding of up to RM15 million for each project,
02:39this funding supports various levels of technology readiness, or TRL,
02:43and aims to accelerate technology innovation related to the REE industry.
02:48For your information,
02:51it must have met the requirements for a company based in Perak,
02:58namely Petra Perintis Sendirian Berhad,
03:00with a funding of up to RM15 million to develop this REE technology.
03:06Fourth, the continuous collaboration with stakeholders.
03:09It must continue to strengthen strategic cooperation with industries such as Petronas,
03:13Saim Darby, and Pro2,
03:15as well as academic institutions such as the University of Malaya,
03:18the University of Technology Malaysia,
03:20the University of Technology Petronas, and others.
03:23By implementing these initiatives,
03:25the advanced materials industry ecosystem,
03:27especially the REE industry, which is capable of high-tech and innovative,
03:31will be able to exist.