BUSINESS

SARAWAK MAKES SIGNIFICANT PROGRESS IN CCUS - ABANG JOHARI

25/11/2024 03:20 PM

KUCHING, Nov 25 (Bernama) -- Sarawak is making significant progress in carbon capture, utilisation and storage (CCUS) to position the state as the CCUS heartland for the Asia Pacific region, said Sarawak Premier Tan Sri Abang Johari Tun Openg. 

He said that in realising this, Sarawak is committed to establishing four carbon storage sites by 2030, driving CCUS innovations to decarbonise key industries and contributing to the region’s net-zero goals, through Petroleum Sarawak Bhd’s (Petros) appointment as the resource manager for CCUS.

“In February this year, Petros signed a storage site agreement with Petroliam Nasional Bhd (Petronas) through its subsidiary CCS Ventures and Japanese Consortium Parties for the M3 depleted field offshore Sarawak. 

“In July 2024, we launched the Sarawak Bid Round, offering three carbon storage sites with an estimated total storage capacity of 1,000 million tonnes CO2,” he said when delivering his keynote address at the Sarawak Gas Roadmap Summit here today.

Abang Johari said those efforts align with the National Energy Transition Roadmap (NETR), launched last year, which identified CCUS as one of the six critical energy transition levers expected to create over 200,000 jobs and about RM250 billion in gross value for the next 30 years.

Previously, when tabling Sarawak's Budget 2025 at the state legislative assembly, the premier said RM11 million would be allocated for Sarawak Net Zero and Carbon Plan, alongside enforcing the Environment (Reduction of Greenhouse Gases Emission) Ordinance 2023, aimed to achieve net zero emissions. 

-- BERNAMA


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