Malaysia's Hydrogen Energy Collaboration with Japanese Consortium: A Step towards Decarbonisation
Key Ideas
- Prime Minister Anwar Ibrahim expresses hope for the clean hydrogen energy collaboration project with a Japanese consortium.
- Petros, Petronas subsidiary CCS Ventures Sdn Bhd, and Japanese consortium sign a storage site agreement for the M3 depleted field offshore Sarawak.
- The agreement enables feasibility studies for CO2 storage, showing progress towards decarbonisation efforts in Malaysia.
- The collaboration signifies a significant step in the development of hydrogen energy and sustainable practices in the region.
Prime Minister Anwar Ibrahim of Malaysia has shown optimism towards a collaborative project focused on clean hydrogen energy and decarbonisation. The project involves Sarawak Economic Development Corporation Energy (SEDCE), Petroleum Sarawak Berhad (Petros), and a Japanese consortium. Recently, Petros, along with Petronas subsidiary CCS Ventures Sdn Bhd and Japanese consortium parties including Japan Petroleum Exploration Co Ltd, JGC Holdings Corporation, and Kawasaki Kisen Kaisha Ltd, signed a storage site agreement (SSA) for the M3 depleted field offshore Sarawak on February 26, 2024. This agreement not only paves the way for the exploration of CO2 storage but also highlights the commitment towards feasibility studies in this area. The collaborative efforts between these entities demonstrate progress towards decarbonisation and sustainable energy practices in Malaysia. The development of such projects signifies a significant step forward in harnessing hydrogen energy and promoting environmentally friendly initiatives in the region.