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BUSINESS

Malakoff, Itochu plan to conduct feasibility study on decarbonisation

25/04/2022 05:49 PM

KUALA LUMPUR, April 25 (Bernama) -- Malakoff Corporation Bhd has signed a memorandum of understanding (MoU) with Itochu Corporation of Japan to conduct a feasibility study on decarbonisation via the utilisation of hydrogen/ammonia in Johor. 

The independent power producer said the MoU’s objective is to record the understanding between the parties in the development of an ammonia receiving terminal and the decarbonisation of coal-fired power plants owned by Malakoff through ammonia co-firing, and the development of a new combined cycle gas turbine power plant utilising high hydrogen content fuel.

“(This is) subject to the outcome of the feasibility study and further discussions between both parties," it said in a statement today.

Malakoff said the feasibility study site will be at Johor Straits which is essential for marine transportation, resulting in a huge potential for the development of an ammonia receiving terminal for co-firing/hydrogen usage as well as opportunities for bunkering and supply to the industrial complex nearby.

Its managing director and chief executive officer Anwar Syahrin Abdul Ajib said the cooperation demonstrates the company's focused efforts towards combating climate change through a sustainability-driven action plan by reducing its carbon emissions and advancing the transition to a cleaner energy future. 

The MoU was signed in conjunction with the Asia Green Growth Partnership Ministerial Meeting 2022 Public-Private Forum hosted by Japan’s Ministry of Economy, Trade and Industry today. 

The forum’s goal is to disseminate the importance of industry-government-academia efforts, innovation promotion and international cooperation to accelerate pragmatic energy transitions in Asia.

Malakoff, a member of the MMC group, is a multinational power, water, and environmental and waste management services group with core focus in thermal power generation, renewable energy, water desalination, and environmental solutions.

-- BERNAMA


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