Malaysia’s 4.7 million ha of oil palm plantations and its 416 palm oil mills produce some 80 million tons of dry biomass annually, a figure that is expected to increase to 100 million tonnes by 2020. Dry biomass is comprised of Empty Fruit Bunches (EFB), palm trunks, fronds, fibers, and Palm Kernel Shells (PKS). In addition to the dry biomass, the milling process produces 60 million tonnes of liquid waste on a yearly basis. This Palm Oil Mill Effluent (POME) is often left to ferment in large uncovered treatment ponds, that release large amounts of greenhouse gasses into the atmosphere. Only a slight percentage (10%) of the aforementioned byproducts is currently used for the production of bio energy, green chemicals and other valuable products. The National Biomass Strategy 2020 (NBS 2020), initiated in 2011, outlines opportunities in the biomass value chain that could generate RM30 billion in additional Gross National Income (GNI), 66.000 high value jobs, 12% reduction in carbon emissions, and RM25 billion in investments. The biomass industry in Malaysia therefore has an enormous potential for commercialisation and investment. Palmares taps into this potential.