Japan's Deep Interest in Malaysia's Green Hydrogen Sector: A Stepping Stone for Energy Investment
Key Ideas
- Japan shows interest in investing in Malaysia's energy sector, particularly in green hydrogen, with an existing investment in Sarawak.
- Deputy Prime Minister Fadillah Yusof highlights Japan's ongoing support and cooperation in green hydrogen production for the Japanese market.
- Discussions at the APEC Energy Ministers Meeting in Lima involve strategies for energy transition, security of energy supply, and ensuring inclusivity in the transition to renewable energy.
- Future plans include hosting the 3rd Asia Zero Emission Community Ministerial Meeting by Malaysia in 2025 and the announcement of third party access (TPA) mechanisms in September.
Deputy Prime Minister Datuk Seri Fadillah Yusof has stated that Japan continues to express great interest in investing in Malaysia's energy sector, particularly in the green hydrogen segment. Japan has already made investments in Sarawak within the same industry and aims to further support Malaysia in this area. The plan involves producing green hydrogen on a large scale in Sarawak for the Japanese market, as part of a tripartite agreement between Sarawak Economic Development Corp (SEDC) and two Japanese firms. During a visit to Peru for the APEC Energy Ministers Meeting, Fadillah discussed Japan's interest, highlighting the need for government-level decisions regarding the cooperation. The meeting, attended by countries including Singapore, Vietnam, Brunei, and Japan, focused on strategies for energy transition, clean and renewable energy supply, energy security, and ensuring inclusivity in the transition process. Additionally, plans were made for Malaysia to host the 3rd Asia Zero Emission Community Ministerial Meeting in 2025. Discussions also revolved around halal certification development by Vietnam, SME capacity by Singapore, and the implementation of third party access (TPA) mechanisms in the electricity supply industry, set to be announced in September. The overall sentiment of the article is positive, highlighting Japan's support for Malaysia's green hydrogen initiatives.
Topics
Green Hydrogen
Renewable Energy
Clean Energy
Investment
Energy Sector
Asia-Pacific
ASEAN Chair
Halal Certification
SME Capacity
Latest News