Green Steel Project in Sabah to draw close to RM20bil in total investment

  • 📰 staronline
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 75%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

KOTA KINABALU: A Sabah-owned corporation has inked a memorandum of understanding with a steel manufacturer that promotes sustainability on Wednesday (Nov 30).

The Sabah Oil and Gas Development Corporation Sdn Bhd has established a land-lease agreement with Esteel Enterprise Sabah Sdn Bhd for the Green Steel Project which is expected to have a total investment value of US$4.39bil .

It said Esteel Sabah initiated the project to develop a full green industry supply chain covering iron ore concentration to high-end steel processing. The statement said that in future, operations will gradually transform to green hydrogen smelting with near-zero carbon emissions.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 4. in İD

Indonesia Berita Terbaru, Indonesia Berita utama