
Petronas, Mercedes collab on carbon capture and storage within mangrove ecosystems
Published on: Sat, Jun 14, 2025
By: Bernama Text Size: Kuala Lumpur: Petronas and the Mercedes-AMG Petronas F1 Team will be collaborating to launch the Blue Carbon Collective, a South-South research initiative that aims to advance research and knowledge exchange on carbon capture and storage in mangrove ecosystems. The Collective will build upon the ongoing cooperation between the University of São Paulo (USP) and Universiti Putra Malaysia (UPM), fostering collaboration and resource sharing between two countries in the southern hemisphere – Malaysia and Brazil.
Advertisement The announcement took place at the inaugural Energy and Nature Forum, hosted by Petronas in Kuala Lumpur, which aims to put a spotlight on the intersection of energy and nature by bringing together global leaders from both fields. Petronas also unveiled its first ever nature and resource efficiency targets at the Forum which, together with the Blue Carbon Collective, reinforces the company's commitment to use natural resources responsibly and to engage in practices that restore, protect and conserve ecosystems in countries where it operates. The five-year collaboration is expected to generate vital research data to advance carbon emissions reduction strategies, help conserve mangroves, and create local job and business opportunities. The Mercedes-AMG Petronas F1 Team will support the research activities, reflecting their commitment to raising environmental awareness. 'Together with our partners, we believe that the Blue Carbon Collective is an important research initiative that enables the global community to further unlock the potential of mangroves in mitigating risks of climate change. As Petronas launches its new nature targets, this initiative will also help enhance our collective understanding of efforts related to biodiversity even as we work towards creating a net positive impact in our projects and undertakings,' said Tan Sri Tengku Muhammad Taufik, the President and Group CEO of Petronas during the launch. The Blue Carbon Collective also supports Yayasan Petronas' One Million Trees Programme – an ecosystem restoration and community development initiative that will see 100,000 mangrove trees planted in the Sungai Santi Forest Reserve in Johor, Malaysia, to rehabilitate degraded areas. To date, 20,000 mangrove seedlings have been planted by the local communities. The ongoing cooperation between USP and UPM will support UPM to conduct research in the Sungai Santi Forest Reserve and apply established methodologies from Brazil. These include carbon stock assessment and monitoring of soil quality and ecosystem health in Malaysia, enabling comparative analysis between the two countries. The Blue Carbon Collective aims to deliver several research objectives including identifying the impact of land use changes, understanding carbon stabilisation mechanisms, and developing and applying a soil quality index. The initiative aligns with Petronas' Sustainability Approach, particularly the pillars of Thriving with Nature, which promotes ecosystem restoration and conservation, and Fostering a Just Transition, which supports equitable opportunities for local communities. This initiative also reinforces and strengthens the sustainability intent of the partnership between Petronas and the Mercedes-AMG Petronas F1 Team, not only on the racetrack but also off the track towards achieving our shared net zero ambitions. Petronas also announced its first targets for nature and resource efficiency at the Energy and Nature Forum, marking a landmark moment for the company in streamlining its efforts biodiversity conservation and even more responsible use of natural resources in Malaysia and in communities where Petronas conducts operations. These targets for nature include, no net loss of biodiversity for existing operations and net positive impact on biodiversity for new projects. Petronas will aim to reduce its freshwater withdrawal for its domestic operations at existing water-stressed areas by 14pc by 2030 using 2021 as baseline, and aim to achieve a circularity rate of 82pc for hazardous waste at its domestic operations by 2030. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
40 minutes ago
- The Sun
Sabah targets 100% boost in OGSE contracts for local firms in 2024
KOTA KINABALU: The Sabah government, in partnership with Petronas and industry players, plans to double the value of oil and gas services and equipment (OGSE) contracts awarded to Sabah-based firms in 2024. Chief Minister Datuk Seri Hajiji Noor announced the initiative during the 12th Sabah Oil, Gas, and Energy Conference and Exhibition. Hajiji emphasised the state's commitment to local participation, targeting full employment of Sabahans in non-technical roles and at least 80% in technical positions within the OGSE sector. 'This reflects our dedication to building a resilient energy ecosystem using local talent,' he said. The Chief Minister highlighted significant growth in contract values, from RM341 million in 2021 to over RM2 billion by the end of 2023. Sabah contributes nearly 40% of Malaysia's oil production and 20% of its gas output, reinforcing its pivotal role in the national energy sector. To strengthen Sabah's position as an OGSE hub, the state government, through SMJ Energy Sdn Bhd, has acquired stakes in key projects like the Samarang PSC and Sabah Ammonia Urea plant. Sabah Energy Corporation also expanded its role as Malaysia's largest domestic gas supplier after acquiring Petronas' onshore gas contracts. Hajiji acknowledged Petronas and industry partners for their support, citing the 2021 Commercial Collaboration Agreement as a key driver of progress. The state has also formed the Sabah Local Content Council and a Joint Task Force for Mandatory Sharing to ensure local firms remain competitive.


The Star
2 hours ago
- The Star
Beijing braces for US trade deals that aim to shut out China
BEIJING: The trade truce between Washington and Beijing may be holding for now, but China is increasingly wary about what's happening elsewhere: US efforts to forge deals that could isolate Chinese firms from global supply chains. Ahead of a July 9 deadline, US officials are deep in talks with major trading partners in Asia and Europe, pushing for new agreements that would include restrictions on Chinese content, or secure commitments to counter what Washington sees as China's unfair trade practices. In the first such deal, President Donald Trump on Wednesday (July 2) announced a tiered tariff agreement with Vietnam. Exports to the US from the South-East Asian nation will be charged a 20% rate, Trump said in a social-media post, with 40% levied on any goods deemed to be transshipped through the country. That will hit products with components from China and possibly other nations, which are routed through Vietnam or subject to only minimal final assembly before being exported to the US. The approach mirrors provisions in an existing US trade agreement with Mexico and Canada. India, another nation seen as close to a deal, has also been negotiating over "rules of origin.' Washington wants at least 60% of a product's value added locally to qualify as "Made in India' and benefit from the deal, Bloomberg News previously reported. India has pushed to bring that down to around 35%, according to the report. "Asia's dilemma when it comes to Trump's trade war is all about dependence on US final demand while relying heavily on China's value added in domestic production,' Alicia Garcia Herrero, Asia-Pacific chief economist at Natixis SA, said in a recent report, adding that Vietnam, Cambodia and Taiwan were among the most exposed. China, a larger trade partner than the US for most Asian economies, has warned of consequences if its interests are threatened, and Foreign Minister Wang Yi is likely to raise that again on his visit to Europe this week for talks in Brussels, Germany and France. "China firmly opposes any party reaching a deal at the expense of Chinese interests in exchange for so-called tariff reductions,' the Ministry of Commerce said in a statement Saturday, repeating earlier warnings. "If this happens, China will never accept it and will resolutely counter it to safeguard its legitimate rights and interests.' Trump's 90-day pause on what he called "reciprocal' tariffs on dozens of America's trading partners ends on July 9. Unless those countries reach trade deals with the US, they could potentially face much higher tariffs. Some governments are making moves to stay on the right side of Washington. Vietnam, Thailand and South Korea have all put in place measures to stop goods from being rerouted through their countries to the US since Trump's tariffs were unveiled in April. South Korean customs announced a crackdown on transshipments, citing a rise in the practice. Taiwan's President Lai Ching-te also flagged the issue and followed up with new rules requiring all US-bound exports to carry a legal declaration they were made on the island. Another concern for Beijing is whether the US could convince others to impose or tighten export controls on high-tech equipment, which would further hamper Chinese efforts to buy the tools it needs to produce advanced semiconductors. Taiwan in June added Huawei Technologies Co. and Semiconductor Manufacturing International Corp. to its so-called entity list, barring Taiwanese firms from doing business with them without government approval. The pressure isn't limited to Asia. Europe, too, finds itself in a delicate position. The EU is China's largest export destination for electric vehicles, and investment from Chinese firms into the bloc plus the UK hit 10 billion euros (US$12 billion) last year, according to recent research from Rhodium Group. Yet trade tensions are rising. European Commission President Ursula von der Leyen recently accused Beijing of "weaponising' rare earths and magnets and warned of the risks posed by Chinese overcapacity. Beijing is particularly concerned that the EU might sign up to provisions similar to those in the UK's deal with the US, which included commitments around supply chain security, export controls, and ownership rules in sectors like steel, aluminum and pharmaceuticals. While the language did not name China, Beijing criticised the agreement in a rare public statement, interpreting it as a direct challenge, the Financial Times reported. "China is clearly worried that the EU will accept the same wording as the UK did on export controls,' said Joerg Wuttke, a partner at the Albright Stonebridge Group in Washington and former president of the EU Chamber of Commerce in China. "They are pushing the EU not to do this, and the US is pushing the EU to do it.' Brussels and Washington are aiming to reach some form of an agreement before July 9, when Washington is set to impose a 50% tariff on nearly all EU products. With European exports to the US worth more than double the amount to China, the bloc sees Washington as the more important partner, giving the US leverage in the talks. China's weekend statement is "obviously aimed entirely at Brussels,' said Hosuk Lee-Makiyama, director of the European Centre for International Political Economy in Brussels, who was recently in Beijing for meetings ahead of an EU-China summit this month. "China is concerned what the EU might agree with the US.' The long-term risk for Beijing is that these efforts coalesce into a broader shift - not just a US-led campaign to curb Chinese exports, but a reshaping of global trade around "trusted' supply chains, with China increasingly on the outside. In a visit to South-East Asia earlier this year, President Xi Jinping urged the region to stand together as an "Asian family,' warning against trade fragmentation. Beijing has often responded to actions it opposes with targeted trade measures. When the EU imposed tariffs on Chinese electric vehicles last year, China launched anti-dumping probes into European brandy, dairy and pork. It halted Japanese seafood imports in 2023 after Group of Seven meetings in Japan were seen as critical of China. A spat with Australia in 2020 led to trade restrictions on billions of dollars' worth of goods, including lobsters, wine and barley. "If some agreements explicitly list China as a target and show that some countries are cooperating or collaborating with the US to 'contain China,' then China will definitely respond,' said Tu Xinquan, dean of the China Institute for WTO Studies at the University of International Business and Economics in Beijing and a former adviser to the Chinese Commerce Ministry. - Bloomberg


Daily Express
3 hours ago
- Daily Express
Sabah targets 100 per cent increase in OGSE job contracts
Published on: Thursday, July 03, 2025 Published on: Thu, Jul 03, 2025 Text Size: Phoong witnesses the signing of MoUs. The Sabah Government aims to achieve a 100 per cent increase in OGSE job contracts for local companies this year, in collaboration with Petronas and industry stakeholders. Chief Minister Datuk Seri Hajiji Noor said the goal is for Sabahans to fill all non-technical and at least 80 per cent of technical roles in the sector. He said this commitment reflects the state's aim to strengthen local participation and create a resilient, homegrown energy ecosystem. His speech, delivered by Industrial Development and Entrepreneurship Minister Datuk Phoong Jin Zhe, noted that OGSE contracts for Sabahan firms rose from RM341 million in 2021 to over RM2 billion by the end of 2023. Hajiji said Sabah's oil and gas sector, contributing nearly 40 per cent of Malaysia's oil and 20 per cent of its gas, must evolve into a centre for OGSE innovation and sustainable practices. He highlighted state-led efforts through SMJ Energy to secure equity in key assets and praised Sabah Energy Corporation's expanded role after taking over Petronas' onshore gas contracts. He also thanked Petronas and partners for their support and urged continued collaboration through initiatives like the Sabah Local Content Council, the OGSE Sub-Committee, and the Kinabalu Activity Outlook. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia