Petronas and Sumitomo Corp, in a joint statement on Thursday, said the MoC served to build industrial platforms and end-to-end supply chains to offer more environmentally-friendly and cost-efficient LNG for use as a marine fuel and reduce the greenhouse gas emissions attributable to maritime transport.
"As a progressive energy and solutions partner, we are continuously looking to co-create a sustainable market environment with industry players. Meanwhile, Sumitomo Corp department general manager Shu Nakamura said the company is proud and confident that the cooperation between Petronas and Sumitomo would pave the way towards the development of LNG as a cleaner marine fuel in both Malaysia and Tokyo Bay, which are strategically important marine hubs to both parties.