Petronas, JOGMEC to cooperate in energy transition

Malaysian state energy company Petronas has signed a memorandum of cooperation (MoC) with Japan Organisation for Metals and Energy Security (JOGMEC) to cooperate in energy transition initiatives.

The initiatives include potential collaboration in green and/or blue hydrogen and fuel ammonia development, carbon capture and storage, as well as greenhouse gas emissions management.

The cooperation also aims to further enhance technical tie-ups and competencies in low-carbon technologies, while spurring business opportunities and providing technical and financial support for Japanese companies to participate in Petronas’ projects, both within and outside of Malaysia.

“Petronas is committed to investing in technology and innovation to accelerate the development of lower-carbon solutions for our customers. Through synergistic collaboration with like-minded partners such as JOGMEC, we are pleased to continue strengthening efforts in driving innovation and scalability in clean energy towards realising our Net Zero Carbon Emissions 2050 targets and pursuing a responsible and just energy transition for Asia,” Petronas CEO Datuk Tengku Muhammad Taufik said.

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