In support of Malaysia’s ambitions to become a carbon-neutral country by 2050, PETRONAS and Tenaga Nasional Berhad (TNB) have signed a memorandum of understanding (MoU) to deepen their partnership in advancing cutting-edge decarbonization technologies.
This will be accomplished primarily through a joint study for the advancement of carbon capture and storage (CCS) technology and a green hydrogen ecosystem that makes use of the technological resources of both organizations.
Both the president and chief executive officer of TNB and PETRONAS, Dato’ Indera Ir Baharin Din, signed the Memorandum of Understanding.
Datuk Seri Takiyuddin commended TNB and PETRONAS for the initiative and stated that the partnership will enable the government’s efforts to reduce greenhouse gas emissions move more quickly.
“The timing to embark on this effort is also perfect as the Government is scheduled to launch the National Energy Policy 2021-2040 soon that will outline Malaysia’s transition to green energy,” he said.
In accordance with the MoU, PETRONAS and TNB will work together to perform a feasibility assessment on the use of CCS technologies in TNB power generation facilities.
Significant investments have been made in Terengganu by TNB and PETRONAS. The transition to green technology development provides continuous economic growth for the state with the re-powering of TNB’s Paka power plant and PETRONAS’ aim to decarbonize its assets in Terengganu.