BDEC Resources Malaysia | Success Stories
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Success Stories

Algaetech International Sdn Bhd

Algaetech International Sdn Bhd (AISB) develops closed-system photo bioreactor (PBR) technology to cultivate microalgae. The company seeks to extract from microalgae high-value products such as astaxanthin, as an environmentally sustainable alternative to petroleum-derived equivalents.

 

Algaetech International Sdn Bhd’s initial focus is to produce Haematococcus pluvialis powder as the raw material for the antioxidant astaxanthin, which is used in aquaculture as a feed additive, as a nutraceutical, and an ingredient in functional foods/beverages and cosmetics. Astaxanthin’s demand has increased significantly in recent years driven by increasing awareness of its powerful anti-oxidant properties and corresponding health benefit claims. Despite suppliers ramping up production capacity the market is reported to be growing more than fast enough to account for the increased supply.

 

BDEC conducted brainstorming sessions with Algaetech International Sdn Bhd and had direct involvement in the improvement process. Some major breakthroughs arising from our intervention was that Algaetech has now gone into finished products and have made great inroads in their sales including being a supplier for one of Malaysia’s highly regarded distributor, DKSH.

 

In May 2016, Algaetech International launched their Asta.Tude product and has now penetrated Parkson Departmental Store and AEON Wellness nationwide and their products are available at the counter. They are planning to put their products in IOI Malls nationwide.

 

Zawara, a popular fashion line in Malaysia with over 700,000 followers that specializes in stylish, modest, elegant and fashionable apparels will now carry Algaetech’s products under their brand.

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News Release

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ALGAETECH INTERNATIONAL SIGNS SUPPPLY AGREEMENT

WITH LOCAL HEAVYWIEGHTS

 

JOHOR BAHRU, 1 OCTOBER 2016 – In 2012, Algaetech International Sdn. Bhd., a Malaysian-based biotechnology company awarded with the BioNexus Status, embarked on a multi-million project to produce the natural compound Astaxanthin from the microalgae “Haematococcus Pluvialis” which until today only less than 10 companies are able to commercialize. Astaxanthin is used for various applications ranging from health supplements to cosmetics and globally known as a super anti-oxidant 6,000 times stronger than vitamin C. Today, Algaetech signs a supply agreement with the Zawara Group for the production of specially formulated Astaxanthin based skin care and health supplement products for their brands ‘Zawara Glam’ and ‘MRP’ (Meal Replacement Program) respectively. Algaetech also signs a supply agreement with RCW Beauty Enterprise led by local celebrity Rozita Che Wan under the brand ‘Putih Ajaib’ for a new skin care range with Astaxanthin as its base.

 

Speaking at the signing ceremony today in Karnival Jom Heboh at Angsana Johor Bahru Mall, Dato’ Paduka Syed Isa Syed Alwi, Algaetech founder and CEO, said his company is proud of this momentous occasion as it shows that Malaysia is just as capable for technologically advanced ideologies as other nations. He has dedicated this achievement to the SME Masterplan High Impact Programme (HIP) 5: Catalyst Programme for Bionext Initiative, which is being jointly implemented by SME Corp. Malaysia and Malaysian Bioeconomy Corporation (formerly known as BiotechCorp). HIP 5: Catalyst Programme is designed to remove market barriers and provide targeted assistance to potential high growth firms to become home grown champions. This collaboration is carried out through a targeted approach by building up the capability and capacity of participating companies through development programmes, provision of market intelligence and enhancement in market access to create high growth SMEs in accordance to the SME Masterplan.

 

Present were Dato’ Hafsah Hashim, CEO of SME Corp. Malaysia, who was essential to the foundation of the BioNext program along with Bioeconomy Corporation.

 

Algaetech is involved in the field of microalgae research and development as well as the production and marketing of high value algae products. It established itself as a pioneer in the algae industry since its inception in Technology Park Malaysia, Bukit Jalil and is now able to produce high quality Astaxanthin based skin care and health supplements in the best of labs, formulated with ingredients of the highest quality extracted from the earth’s most natural resources. Algaetech is expected to launch its own health supplement range in November under the brand ‘PREMIA’ and have already launched their own range of skin care products under their brand ‘Astatude’ which can now be purchased from AEON Wellness and Parkson.

With continuous support from its other major contributors, Technology Park Malaysia (TPM), Malaysia Debt Ventures (MDV) and Malaysian Technology Development Corporation (MTDC), the company is confident of establishing itself and the nation as a global algae and retail player.

Tropical Bioessence Sdn Bhd

Tropical Bioessence Sdn Bhd (TBE) is involved in the primary processing for herbs and botanical materials, extraction and spray dry of herbs/botanical materials, distillation of essential oils, producing aromatherapy products and formulation and contract manufacturing of cosmetic products. Led by En. Khairil who has more than 10 years’ experience in this industry, Tropical Bioessence Sdn Bhd is in Botanical and essential oil extracts, formulation and contract manufacturing of cosmetic products, OEM for extracts, as well as marketing their own brand under the name of “TBE The Sutra” for cosmetics, toiletries & nutraceutical.

 

Turning a passion into a profession is a dream for many. But for Tropical Bioessence Sdn Bhd founder, owner and MD, Mohd Khairil Said, it’s a vibrant reality. Over 10 years ago, Mr Khairil was a Research Officer in Melaka Institute of Biotechnology, expert in extraction of botanical extract and essential oils. He discovered the profound power of essential oils during the research. Through Tropical Bioessence Sdn Bhd., he is able to share his matchless knowledge with millions around the world, supporting their health and transforming their lives. Khairil’s unrivalled expertise on the therapeutic power of plants has led to the creation of SUTRA, the product based on essential oils and herbal extract.

 

With a deep conviction of the power of essential oils, Khairil embodies the spirit of Tropical Bioessence Sdn Bhd and SUTRA as he continues to build a company that advocates total wellbeing for the people, everywhere, every time.

 

Through our globalisation programme, Khairil implemented a strategic marketing plan and started venturing into the South East Asia (SEA) region and managed to secure a large network of distributors.

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