CIR2030 the first Roadmap Dedicated to the Chemical industry in Malaysia

Tengku Zafrul Aziz, the Minister of International Trade and Industry (MITI), launched the Chemical Industry Roadmap 2030 (CIR2030) in collaboration with various key industry stakeholders. The CIR2030 is the first roadmap dedicated to the chemical industry in Malaysia.

It aims to make Malaysia a leading chemical player in the Asia Pacific by focusing on increasing value-added products, enhancing industry integration, and improving sustainability. The chemical industry contributes significantly to Malaysia’s economy, accounting for 6% of GDP and employing around 293,000 workers.

The CIR2030 identifies three priority segments: base chemicals & intermediaries, plastics & polymers, and specialty chemicals. The implementation of CIR2030 is expected to increase the industry’s Gross Value Add (GVA) to more than 4.5% by 2030, adding approximately RM40 billion in value.

Click here to Read on
Tesla and Geely Promises of Investment

The CIR2030 will be complemented by the New Industrial Master Plan 2030 (NIMP 2030), which provides the key fundamentals for industrial transformation and development until 2030. Focussing on productivity and sustainability, these are evident in the Responsible Care Programme Award, showcases its commitment to meeting ESG and sustainability goals, says Tengku Zafrul.

The collaboration between the government and industry stakeholders sets a positive tone for future collaborations to achieve Malaysia’s development goals.