Petronas and South Korean Conglomerates Announce Collaboration to Establish CCS Value Chain
Malaysia is pursuing an ambitious initiative to advance the region’s carbon capture and storage (CCS). National energy firm Petronas has inked a Memorandum of Understanding (MoU) with six South Korean firms to undertake conceptual and feasibility studies on an...
Vietnam to Grow Installed Power Generation Capacity by 10% Annually
According to Vietnam´s Deputy Minister of Industry and Trade, the Southeast Asian country will require between USD 8 billion and USD 14 billion in investments annually through 2030 to build new power plants and expand its grid. Specifically, 75% of the money would go...
Shipping Giant NYK Gets Involved in Singapore’s Tidal Power Project
With the emerging marine energy sector gaining traction, Japanese shipping giant Nippon Yusen Kaisha (NYK) is aiming to take part in a tidal power project planned for Singapore. Singapore’s Bluenergy Solutions is conducting a demonstration project focused on the...