Petronas, Japanese agency teams up for energy transition initiatives

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has signed a Memorandum of Cooperation (MoC) with Japan Organization for Metals and Energy Security (Jogmec) to collaborate on energy transition initiatives to achieve respective energy transition and decarbonization goals.

Initiatives include potential collaboration on green/blue hydrogen and fuel ammonia development, carbon capture and storage (CCS) and greenhouse gas (GHG) emission management. The collaboration also aims to further enhance technical links and competencies in low-carbon technologies while promoting business opportunities and providing technical and financial support to Japanese companies to participate in Petronas projects both inside and outside Malaysia.

Datuk Tengku Muhammad Taufik, President and Group CEO of Petronas, and Tetsuhiro Hosono, Chairman and CEO of Jogmec, signed the MoC on behalf of their respective companies. Witnessing the exchange of documents were Economy Minister Mohd Rafizi Ramli and Japan’s Economy, Trade and Industry Minister Yasutoshi Nishimura.

Tengku Taufik said: “Petronas is committed to investing in technology and innovation to accelerate the development of lower carbon solutions for our customers. By working synergistically with like-minded partners like Jogmec, we look forward to further increasing our efforts to drive clean energy innovation and scalability to achieve our 2050 net-zero carbon emissions goals and a responsible and just energy transition for Asia to strive for.”

The signing ceremony took place on the sidelines of the Asia Zero Emission Community Public-Private Investment Forum organized by Japan’s Ministry of Economy, Trade and Industry in Tokyo.

https://www.thesundaily.my/business/petronas-japanese-agency-team-up-for-energy-transition-initiatives-DH10715161 Petronas, Japanese agency teams up for energy transition initiatives

Andrew Schnitker

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