KUCHING, March 6: Petroliam Nasional Berhad (Petronas) is set to cooperate with Japan Organisation for Metals and Energy Security (JOGMEC) in energy transition initiatives towards achieving their respective energy transition and decarbonisation targets.
According to a Bernama report today, the initiatives include potential collaboration in green/blue hydrogen and fuel ammonia development, carbon capture and storage (CCS), as well as greenhouse gas (GHG) emissions management.
The cooperation also aims to further enhance technical tie-ups and competencies in low-carbon technologies, while spurring business opportunities and providing technical and financial support for Japanese companies to participate in Petronas’ projects, both within and outside of Malaysia.
The Memorandum of Cooperation (MoC) was signed by Petronas president Datuk Tengku Muhammad Taufik and JOGMEC Chairman Tetsuhiro Hosono, witnessed by Minister of Economy Mohd Rafizi Ramli and Japan’s Economy, Trade and Investment Minister Yasutoshi Nishimura during Asia Zero Emission Community (AZEC) Public-Private Investment Forum organised by Japan’s Ministry of Economy, Trade and Investment in Tokyo.
Muhammad Taufik said Petronas is committed to investing in technology and innovation to accelerate the development of lower-carbon solutions for its customers.
“Through synergistic collaboration with like-minded partners such as JOGMEC, we are pleased to continue strengthening efforts in driving innovation and scalability in clean energy towards realising our Net Zero Carbon Emissions 2050 targets and pursuing a responsible and just energy transition for Asia,” he said. — DayakDaily
