Tag: EnergyTransition
Eni and PETRONAS sign investment agreement
Eni and PETRONAS will form a new joint company managing 19 upstream assets in Indonesia and Malaysia, investing USD 15 billion over five years to develop new oil and gas projects.
Mitsui to participate in PTTEP’s CCS project
Mitsui & Co. has joined Thailand’s first Carbon Capture and Storage (CCS) project at the Arthit gas field operated by PTTEP, aiming to start operations in 2028. The project will store up to one million tonnes of CO₂ annually, supporting Thailand’s decarbonisation goals and Mitsui’s net-zero vision.
Brookfield, Solarvest sign 1.5GW solar tie-up
Brookfield and Solarvest will build 1.5GW of utility-scale solar and storage projects in Malaysia within 3–5 years. Stainless steel demand linked to mounting structures, piping, and storage integration.
Korean province to invest USD 7.8bn
South Chungcheong province will develop the country’s largest eco-friendly hydrogen cluster by 2030, with 19 business agreements signed including Linde, Hyundai and Hanwha. Targets 1.2m tonnes hydrogen production and 20GW hydrogen-based power generation by 2040.
JSE and JFE Engineering sign contract
JSE and JFE Engineering signed FEED for a high-pressure hydrogen pipeline in Kawasaki to supply hydrogen from the LH2 Terminal to local consumers under NEDO’s Green Innovation Fund project.
Vingroup plans renewables and LNG power ventures
Vingroup seeks approval for renewable energy and LNG power plants in Vietnam, with major projects planned by 2030.