The ASEM SME Eco-Innovation Center (ASEIC) announced on the 14th that it signed a P4G (Partnering for Green Growth and the Global Goals 2030) partnership agreement with Indonesian eco-friendly startup MYCL to jointly promote the 'Alternative Leather Value Chain Construction Project'.
This partnership is a circular economy-based collaboration model that simultaneously addresses both the issue of agricultural waste disposal in Indonesia and the demand for eco-friendly alternative leather. It aims to expand the production of alternative leather using palm tree waste in the Aceh Tamiang region by utilizing MYCL’s mushroom mycelium-based biomaterial technology.
In addition to alternative leather production, ASEIC and MYCL will also provide technical training to local farmers on soil amendment and bio-pellet production, thereby strengthening local self-reliance and creating high value-added industries.
This collaboration is being promoted based on the support of P4G. P4G is a global platform that supports public-private cooperation projects for sustainable growth and climate change response, hosted by the World Resources Institute and supported by the foreign ministries of major countries such as Korea, Denmark, and the Netherlands. Since its launch in 2018, it has supported more than 148 sustainable development projects around the world.
Through this collaboration with MYCL, ASEIC has been selected for the P4G partnership project for the third time since 2022, and has secured a subsidy of approximately USD 340,000 (KRW 500 million). This is evaluated as a consecutive achievement following the previous projects ▲RE:harvest-ASEIC (KRW 100 million in 2022-2023) and ▲2nd Linkage Project (KRW 400 million in 2024-2025).
Based in its local office in Indonesia, ASEIC serves as an administrative partner for P4G projects. It also supports the global commercialization of eco-friendly technologies through connections with domestic and foreign companies seeking to enter overseas markets.
An ASEIC official said, “This partnership is a circular economy model where the environment and local communities coexist, and we expect that MYCL’s technological prowess and ASEIC’s global cooperation network will create synergy,” adding, “We plan to continue to expand international cooperation to strengthen the eco-friendly innovation capabilities of small and medium-sized enterprises in the future.”
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