MISC (MISC or the Group) has signed respective Memorandum of Understandings (MoUs) with
MISC's President & Group Chief Executive Officer, Captain
'Our commitment towards decarbonisation is further reinforced through our firm partnership in The Castor Initiative, a global coalition which was formed to develop ammonia as a viable fuel for the maritime industry. Discussions are also in progress to expand our partnership to ensure that we operate in a sustainable manner and are prepared for the transition. Our collective expertise as a Group in energy shipping, maritime and port management, offshore engineering and fabrication places us in a viable position to develop and play an important role in the carbon capture and storage value chain,' added
Under the MOU with
Meanwhile, the partnership with SHI covers the joint development of the engineering, procurement and construction (EPC) of the floating carbon dioxide (CO2) solutions to facilitate and support the optimisation of offshore CCS projects by combining each party's expertise, experience, and resources.
The cooperation with ANDRITZ covers the application and optimisation of carbon capture technologies and the execution of engineering, procurement, construction, installation, and commissioning (EPCIC) of CCS systems for marine and land-based applications.
MISC's foray in the CCS value chain puts the Group in a firm position to deliver the long-term strategy of MISC 2050 which focuses on identifying new business opportunities while driving sustainable value for our stakeholders.
The MoUs were signed on
END -
About
The Group's modern and diverse fleet consists of more than 100 owned and in-chartered vessels comprising of
We are a proud constituent of the DJSI Emerging Markets Index and FTSE4Good Bursa Malaysia Index, a testament to our sustainability performance and strong Environmental, Social and Governance (ESG) practices.
For more information, visit www.misc.com.my
About
Mitsui has about 5,500 employees and deploys talent around the globe to identify, develop, and grow businesses in collaboration with a global network of trusted partners. Mitsui has built a strong and diverse core business portfolio covering the Mineral and Metal Resources, Energy, Machinery and Infrastructure, and Chemicals industries.
Leveraging its strengths, Mitsui has further diversified beyond its core profit pillars to create multifaceted value in new areas, including innovative Energy Solutions, Healthcare & Nutrition and through a strategic focus on high-growth Asian markets. This strategy aims to derive growth opportunities by harnessing some of the world's main mega-trends: sustainability, health & wellness, digitalization and the growing power of the consumer.
Mitsui has a long heritage in
For more information on
About
Since its inception in 1974, SHI has secured orders for 1,364 ships and offshore facilities and successfully delivered 1,220 units as of
The company has developed and built the world's first Arctic shuttle tanker and LNG FPSOs and has pioneered new markets by developing innovative products such as LNG FSRUs, various ships for polar regions, Arctic ice-breakers and container ships.
In the offshore facilities sector, SHI has fortified its reputation through its excellent technology and rich experience. For example, it successfully delivered the world's largest FLNG and SHI achieved 75% market share in new build FLNG.
For more information, visit www.samsungshi.com/Eng
About
International technology group ANDRITZ offers a broad portfolio of innovative plants, equipment, systems, services and digital solutions for a wide range of industries and end markets. Sustainability is an integral part of the company's business strategy and corporate culture. With its extensive portfolio of sustainable products and solutions, ANDRITZ aims to make the greatest possible contribution to a sustainable future and help its customers achieve their sustainability goals. ANDRITZ is a global market leader in all of its four business areas - Pulp & Paper, Metals, Hydro and Separation. Technological leadership and global presence are cornerstones of the group's strategy, which is focused on long-term profitable growth. The publicly listed group has around 28,000 employees and over 280 locations in more than 40 countries.
For more information, visit www.andritz.com
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Head, Group Corp. Communications Group Corporate Communications MISC Berhad
Tel : +603-2275 2224
Email : shanni.muthiah@miscbhd.com
or
Maisara Noor Ahmad
Head, External Communications Group Corporate Communications MISC Berhad
Tel : +603-2275 3496
Email : maisara.noorahmad@miscbhd.com
Manager, External Communications Group Corporate Communications MISC Berhad
Tel : +603-2275 3130
Email : doyle.decosta@miscbhd.com
orRahimi Yunus
Executive, External Communications Group Corporate Communications MISC Berhad
Tel : +603-2275 3594
Email : rahimi.yunus@miscbhd.com
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