In the fight against climate change, the construction industry has a crucial role to play. Malaysia Steel Works (KL) Bhd, also known as Masteel, is leading the way in making steel production more environmentally friendly. Masteel recently received major recognition at the ESG Positive Impact Awards 2023. The company won the “Most Outstanding ESG Initiative of the Year” and the “Gold Award in Supply Chain Management,” showing its strong commitment to environmental and social governance (ESG). The steel industry is known for its high carbon emissions, but Masteel is working to change that. With modern induction furnaces and the use…
Author: Lakshita Kapoor
Vietnam’s renewable energy goals have hit a roadblock with the recent decision by Norway’s Equinor to withdraw from its offshore wind projects in the country. This move comes as a significant setback for Vietnam’s plans to develop its green energy sector. Equinor, a state-controlled energy giant, has announced it will close its Hanoi office and cease its business development in Vietnam. This marks the first time the company has shut down an international office focused on offshore wind, following its global shift towards renewables and low-carbon systems. Equinor’s exit follows a similar move by Danish firm Orsted, which also paused…
As data centres fuel a sharp rise in energy demand, Singapore is turning to Australia’s vast solar potential and Malaysia’s rainforests for clean power solutions. The city-state, which aims to peak carbon emissions by 2030 and achieve net zero by 2050, faces a pressing energy challenge due to its reliance on imported fossil fuels and its limited space for large-scale renewable energy projects. Australia has recently announced a groundbreaking solar farm project expected to provide Singapore with up to two gigawatts (GW) of power through an undersea cable. This initiative aligns with Singapore’s ambitious renewable energy targets, including generating two…
Australia has approved a groundbreaking solar and battery farm project, set to become the largest of its kind in the world. The $24 billion venture, led by tech billionaire Mike Cannon-Brookes, aims to export clean energy from Australia to Singapore. The project, named SunCable, will span Australia’s remote northern region and include a vast array of solar panels, batteries, and a subsea cable connecting to Singapore. The Australian government has given the green light for environmental approvals, marking a significant milestone for SunCable. The project is expected to generate four gigawatts of energy, with two gigawatts allocated to Singapore, covering…
Australia said on Wednesday (Aug 21) it had given the go-ahead for a A$20 billion (US$13.5 billion) solar project that plans to ship energy from a giant solar farm in the country’s north to Singapore through a 4,300km undersea cable.Environment Minister Tanya Plibersek said SunCable’s flagship Australia-Asia power link project would help meet the growing demand for renewable energy at home and abroad.Plibersek said the vast solar farm would generate enough energy to power three million homes and would include panels, batteries and eventually, a cable linking Australia with Singapore.”It will be the largest solar precinct in the world and…
Penang is exploring an innovative solution to power its harbour with renewable energy, a floating solar farm large enough to supply electricity to 6,000 homes. This project aims to make Penang Port a greener choice for international cruise ships, which will be required to use renewable energy by 2030. The proposed floating solar farm would cover 4 hectares in a calm area of Penang’s harbour, an area roughly the size of three World Cup football fields. On sunny days, the farm is expected to generate 30 megawatts of electricity, enough to power 6,000 homes. This initiative is part of a…
On Tuesday, a partnership was announced involving Adnoc, Petronas, and Storegga, focusing on advancing carbon capture and storage (CCS) technology in Malaysia. Adnoc (Abu Dhabi National Oil Company) is based in the UAE. Petronas, or Petroliam Nasional Berhad, is a Malaysian state-owned oil and gas company. Storegga is a UK-based company specializing in carbon capture and storage (CCS) technology. The companies signed a Joint Study and Development Agreement (JSDA) to assess the potential for storing carbon dioxide (CO2) in saline aquifers located in the Penyu basin, offshore Peninsular Malaysia. The main goal of this agreement is to achieve a CO2…
On Wednesday, Japan signed 70 new memorandums of understanding (MOUs) focused on energy transition, during the Asia Zero Emission Community (AZEC) ministerial meeting in Jakarta. This significant move highlights Japan’s commitment to advancing clean energy and reducing carbon emissions across Asia. The AZEC, which was proposed by Japanese Prime Minister Fumio Kishida in 2022, officially launched in 2023 with participation from 11 countries including Indonesia, Australia, Vietnam, and Thailand. The initiative aims to promote decarbonization in the region and foster cooperation in energy transition efforts. During the meeting, Indonesia’s coordinating minister of the economy, Airlangga Hartarto, emphasized the need for…
Chinese biodiesel producers are grappling with new obstacles as the European Union prepares to impose provisional anti-dumping duties on their exports. Starting Friday, the EU will apply tariffs ranging from 12.8% to 36.4% on biodiesel imports from China. This move affects over 40 Chinese companies, including major players like Zhejiang Jiaao, Henan Junheng, and Longyan Zhuoyue Group. Last year, the biodiesel export market was valued at $2.3 billion, with the EU being the largest buyer. In response to the impending tariffs, which have already led to a significant drop in exports, Chinese producers are seeking alternative markets in Asia. The…
Indonesia has relaxed its local content requirements for solar power projects financed by foreign investors in a bid to accelerate the development of renewable energy and support the domestic solar panel industry. The policy shift, implemented through Energy and Mineral Resources Ministerial Regulation No. 11/2024, took effect on July 30. Rachmat Kaimuddin, undersecretary for transportation and infrastructure at the Office of the Coordinating Maritime Affairs and Investment Minister, explained that this move is designed to attract international funding and speed up the renewable energy transition. “We cannot wait until the domestic industry is ready,” he said. Under the new rules,…