Sarawak Premier Tan Sri Abang Johari Openg with Samsung E & A Corporation executive vice-president Park Cheon Hong after the briefing in Seoul, May 22, 2024. — Picture courtesy of the Sarawak Premier’s OfficeSEOUL, May 22 — Sarawak Premier Tan Sri Abang Johari Openg today said that European Union countries have indicated their interest to set up an EU bank in Sarawak to provide a source of funding for green investments in the state.
“The huge demand for green power in Sarawak is exemplified by the power needs of up to 1.3 gigawatts for the proposed Sarawak New Energy Hub project in Bintulu,” he said after attending a briefing here by Samsung E & A Corporation executive vice president Park Cheon Hong on the SNEH proposal. The briefing also covered a review of the H2biscus hydrogen project of which the stakeholders are Samsung E & A, LOTTE Chemical Corporation, Korean National Oil Corporation , and Sarawak through SEDC Energy Sdn Bhd, a subsidiary of Sarawak Economic Development Corporation .The H2biscus green hydrogen plant will have an annual capacity of 150,000 tonnes and a green ammonia conversion plant with a capacity of 850,000 tonnes.