KUCHING, Sept 8: Samsung Engineering will further strengthen its strategic partnership with Sarawak by discussing business development and local economic cooperation plans in earnest with the visit of the Premier of Sarawak, SEDC Chairman and Sarawak Energy Berhad’s Group CEO.
Samsung Engineering, which is one of the world’s leading engineering, procurement, construction and project management companies said it has currently successfully carrying out the Sarawak Methanol project, and is expanding its position as an optimal business development partner for Sarawak by winning the Shell OGP (Onshore Gas Plant for Rosmari Marjoram) project in July this year.
In addition, Samsung Engineering plans to contribute to the revitalization of the local economy in Sarawak through the H2biscus project and serves as an economic bridge between Korea and Malaysia.
“Last month, Malaysian state-owned energy company Petronas with several Korean companies including Samsung Engineering, LOTTE CHEMICAL etc. signed a business agreement on joint cooperation in the development of the Shepherd CCS Project, an international project between Korea and Malaysia, Asia’s first carbon capture, transportation, and storage business,” said Samsung Engineering in a press statement following the signing of a Memorandum of Understanding (MoU).
The MoU which was signed between Samsung Engineering, SEDC (Sarawak Economic Development Corporation) Energy, Sarawak Energy Berhad, LOTTE CHEMICAL, and POSCO Holdings yesterday at a local hotel in Jamsil, Seoul, will lead to a study on the potential of suppling at least 900MW of hydro-based renewable power for the H2biscus Green Hydrogen/Ammonia project (H2biscus project) in Sarawak, Malaysia.
The event was attended by Samsung Engineering CFO and Executive Vice President Ju-Seong Cheong, SEDC chairman Tan Sri Aziz Husain, SEDC Energy CEO Robert Hardin, Sarawak Energy Group Berhad CEO Datu Sharbini Suhaili, LOTTE CHEMICAL CEO Jin-Koo Hwang and and POSCO Holdings Head of the Green Materials & Energy Business Team and Senior Executive Vice President Byeong-og Yoo.
Present to witness the event were Premier of Sarawak Datuk Patinggi Abang Johari Tun Openg, Ambassador of Malaysia to Korea Lim Juay Jin, and the Industry and Energy Second Vice Minister to Korea Park Il-jun.
Following the MoU, the five companies will jointly study the power supply capacity and facilities such as substations and transmission infrastructure that would be required to supply the project.
With the successful development of the H2biscus project, it is expected that it will contribute to the expansion of local employment in Sarawak.
“We expect that the signing of this MoU for renewable power supply will be an important milestone in the Sarawak H2biscus project, and we are confident that we will provide a successful project through our existing robust local network.
“Samsung Engineering will contribute to the achievement of the Korean carbon neutrality goal and vitalization of the hydrogen economy, and strengthen our status as a ‘Green Solution Provider’ through strategic alliances and technology acquisition in the field,” said Samsung Engineering CFO & Executive Vice President Ju-Seong Cheong. — DayakDaily
