KUALA TERENGGANU: The government has identified Terengganu, Pahang, Sabah and Sarawak as potential leaders in the carbon capture, utilisation and storage (CCUS) industry.
KUALA TERENGGANU: The government has identified Terengganu, Pahang, Sabah and Sarawak as potential leaders in the carbon capture, utilisation and storage industry.
Rafizi noted that CCUS, one of the pilot projects in the National Energy Transition Roadmap, is a high-impact industry which is expected to bring economic benefits to the states involved. “We understand that the investment for each fully-completed CCUS facility, from terminal to offshore, is usually around RM20 billion. This presents a significant investment opportunity that could bring substantial economic benefits to Terengganu if managed well," he said.“At the Federal level, we see the potential for Kerteh to expand beyond the existing petrochemical and oil-based industries.
Meanwhile, Terengganu Menteri Besar Datuk Seri Dr Ahmad Samsuri Mokhtar said the state government, through its entities and state-owned companies , has initiated preliminary discussions with Petronas to see if GLCs or state entities could partner with the oil and gas company in the CCUS industry.
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