: The Economy Ministry is expected to table the progressive regulatory framework bill on carbon capture, utilisation and storage in Parliament during the November session this year, said its minister Rafizi Ramli.
“Given the substantial capital considerations, such a framework is needed to reassure the economics of these investments. We have this generational window to establish Malaysia as a regional CCUS hub. The government understands the need to move with urgency,” he said in his keynote address at the OGSE100 CEOs forum organised by Malaysia Petroleum Resources Corporation today.
“The establishment of the framework will enable investors to start coming to Malaysia, as the value of the industry is expected to reach RM100 billion on 20 years, meaning investments alone will involve tens of billions of ringgit,” he said, adding that engagement sessions have been held with industry players.
Source: Financial Digest (financialdigest.net)
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