NEXTGREEN Global Bhd is expanding beyond Malaysian shores, marking its first international market entry for bio-fertiliser exports with a strategic move into Libya.
Through its wholly owned subsidiary, Nextgreen Fertiliser Sdn Bhd, the group has signed two agreements that will facilitate the supply and distribution of its oil palm biomass-based fertiliser products in the North African nation.
As part of an exclusive distribution agreement, Nextgreen Fertiliser has appointed P Teguh Nextgreen Sdn Bhd, a 49%-owned associate company, as the exclusive distributor of its bio-fertiliser products in Libya.
The deal includes a commitment to purchase up to 25,000 metric tonnes (MT) annually, comprising 20,000MT of NexCompost — a solid fertiliser — and 5,000MT of NexBooster, the group’s liquid fertiliser.
To support the distribution framework, P Teguh Nextgreen has entered into a supply and purchase agreement with two Libyan entities: Inbat Global for Importing Agricultural Machinery and Supplies, and the Fazzan Cooperative Association for Organic Agriculture.
Under the arrangement, P Teguh Nextgreen will distribute the bio-fertilisers within Libya.
Inbat Global will manage procurement and importation, acting as the authorised supplier to Fazzan Cooperative Association. Fazzan Cooperative Association will then distribute the products across the country on a non-exclusive basis.
Nextgreen MD Datuk Lim Thiam Huat said the venture into Libya marks a major step for the company’s global ambitions.
“This marks a significant step forward for Nextgreen, as Libya becomes our first international market for bio-fertiliser exports.
We are honoured that this partnership project is made possible with the recognition and strong support from the Libyan government. It is a proud milestone that reflects growing global confidence in our sustainable agricultural solutions, guided by our motto, ‘Feed the Soil, Boost the Plant’,” he said.
“By introducing NexCompost and NexBooster to North Africa, we are not only expanding our global footprint but also support- ing Libya’s journey towards agricultural resilience by enhancing soil fertility and improving crop productivity as part of a long-term food security effort,” he added.
Lim noted that the company’s bio-fertilisers are designed to address key challenges such as nutrient-depleted soil and water scarcity, issues that are especially relevant in Libya’s arid environment.
“Our bio-fertilisers are designed to tackle key agronomic challenges such as nutrient-depleted soil and water scarcity. As natural soil conditioners and plant boosters, these products improve soil health, increase nutrient uptake and enhance water retention, which are essential benefits for sustainable farming in Libya’s predominantly arid environment,” he said.
Nextgreen is known for its ability to transform palm oil biomass, particularly empty fruit bunches (EFB), into value-added green products including pulp, paper, bio-fertilisers and bio-energy. — TMR
- This article first appeared in The Malaysian Reserve weekly print edition
The post Nextgreen enters Libya market with bio-fertiliser export appeared first on The Malaysian Reserve.
