Latest news with #jointdevelopment
Free Malaysia Today
4 days ago
- Politics
- Free Malaysia Today
PN calls for more details on Ambalat development plan with Indonesia
Opposition leader Hamzah Zainudin said rushing into a joint development agreement with a foreign country claiming maritime sovereignty over the area to be developed could jeopardise Malaysia's interests. PETALING JAYA : Perikatan Nasional (PN) has called for clarity on the country's plans to work with Indonesia to jointly develop the disputed Ambalat area off the east coast of Borneo, said to hold the world's largest crude oil reserves. Prime Minister Anwar Ibrahim and Indonesian president Prabowo Subianto announced plans last week to jointly develop the Ambalat block in the Sulawesi Sea while continuing legal and diplomatic discussions on maritime sovereignty in the 15,000 sq km area. In a statement today, opposition leader Hamzah Zainudin said the announcement appeared to contradict several previous comments from Anwar about the Ambalat block and Sulawesi Sea Treaty when they were raised in Parliament. 'Rushing into a joint development agreement with a foreign country which is claiming maritime sovereignty (over the area to be developed) could jeopardise Malaysia's national interests,' said Hamzah, who served as home minister under former prime ministers Muhyiddin Yassin and Ismail Sabri Yaakob. 'PN demands that the complete details of the joint development in Ambalat and the Sulawesi Sea Treaty documents be debated in Parliament. The rakyat have the right to be informed about it.' The Sulawesi Sea Treaty, signed in Putrajaya on June 8, 2023 in conjunction with then Indonesian president Joko Widodo's working visit to Malaysia, came under scrutiny after it was claimed that Malaysia was relinquishing its rights to the oil-rich Ambalat block. However, Wisma Putra said that the treaty did not involve the Ambalat block's maritime borders. Malaysia and Indonesia have had overlapping claims over the waters of the Sulawesi Sea known as the Ambalat block – located between East Kalimantan, Indonesia, and southeast Sabah – since Malaysia published a map in 1979 showing the maritime border area within Malaysian waters. Meanwhile, former prime minister Muhyiddin Yassin said that any deal involving disputed land or maritime areas should wait until the borders are clearly determined by the International Court of Justice or other recognised legal bodies. The PN chairman said that proceeding without a clear ruling could set a dangerous precedent and might be used in the future to undermine Malaysia's claims over the same or other areas. Muhyiddin added that such actions could harm the country's rights and dignity, as the risks involved are significant and could have long-term consequences for the nation.
South China Morning Post
4 days ago
- Business
- South China Morning Post
With Ambalat pact, Indonesia and Malaysia seek to bridge territorial differences
The decision by Indonesia and Malaysia to jointly develop the resource-rich Ambalat sea block signals a pragmatic step towards defusing a decades-old territorial stand-off, even as legal uncertainties over sovereignty remain unresolved. The agreement was announced last week during Malaysian Prime Minister Anwar Ibrahim 's visit to Indonesia, where he met with Indonesian President Prabowo Subianto to discuss maritime and land border disputes, investment, and regional conflicts, among others. Prabowo said he and Anwar had agreed to 'seek mutually beneficial solutions' over Ambalat. Located east of Borneo, Ambalat is believed to hold vast oil and gas reserves. 'While we resolve the legal aspects, we will begin economic cooperation under what we call joint development,' Prabowo said in the presidential palace in Jakarta on Friday. 'Whatever potential is found in these waters, we will exploit it together fairly,' he added. Anwar said there was 'no obstacle' for Indonesia and Malaysia to start their economic cooperation in Ambalat, including by setting up 'a joint development authority' to manage the block.
National Post
13-05-2025
- Automotive
- National Post
Svante and SAMSUNG E&A Sign Joint Development Agreement to Offer Digitally Enabled Skid-Mounted Modular Carbon Capture Plants
Article content Svante and SAMSUNG E&A have signed a joint development agreement to offer standardized skid-mounted modular carbon capture plants based on Svante's novel VeloxoTherm™ solid sorbent-based carbon capture filter technology, leveraging SAMSUNG E&A's advanced digital solutions and modularization capabilities. Standardized modular packages will be branded and marketed globally by Svante and SAMSUNG E&A to deliver commercial carbon capture, use, and storage projects from the early project development stage through to engineering, procurement, and fabrication (EPF) across the heavy industrial and energy sectors. Article content Article content VANCOUVER, British Columbia — Svante Technologies Inc. (Svante) and SAMSUNG E&A announced today that they have signed a joint development agreement to jointly develop a set of standardized skid-mounted modular carbon capture plants based on Svante's novel VeloxoTherm solid sorbent-based carbon capture filter technology, leveraging SAMSUNG E&A's advanced digital solutions and modularization capabilities. The agreement was signed during Svante's Grand Opening Event, which marked the commissioning of its new commercial filter manufacturing facility in Vancouver, Canada. This is the world's first gigafactory for Svante's filter technology, capable of producing enough filters to capture 10 million tonnes of CO 2 annually. Article content Svante and SAMSUNG E&A have joined forces to deliver a set of standardized skid-mounted carbon capture plant modules featuring Svante's patented VeloxoTherm™ solid sorbent-based carbon capture filter technology for post-combustion CO2 emissions. Article content 'We are working to remove the biggest barriers to rapid deployment of industrial carbon capture by first building our world-class manufacturing facility and second by partnering with SAMSUNG E&A to reduce project execution schedule and on-site construction costs through standardized design and fabrication solutions,' said Claude Letourneau, President & CEO of Svante. Article content SAMSUNG E&A, a total solutions provider for the global energy industry, is one of the world's leading engineering, procurement, and construction (EPC) and project management companies in the world, with an ambition to assist in the energy transition. SAMSUNG E&A's extensive experience in executing large capital projects based on modularization and digitalization, paired with Svante's second-generation carbon capture and removal technology, makes this collaboration an innovative, accessible solution for clients in heavy industries and the energy sector looking for engineering-based carbon management solutions. Article content SAMSUNG E&A is expanding its eco-friendly business portfolio with 'E&Able', a solution that fosters a sustainable future through advanced technology. E&Able embodies SAMSUNG E&A's commitment to resolving pressing societal challenges such as climate change, by swiftly securing groundbreaking technologies for its customers. It also represents the company's mission to achieve global objectives, including carbon neutrality and the circular economy, faster. The company is accelerating the promotion of new businesses in the energy transition and eco-friendly sectors, focusing on three E&Able strategies: E&Able Low (low carbon), E&Able Zero (carbon-free), and E&Able Circle (environment). 'The time is now for the CCUS industry value chain players to rethink how they approach projects to deliver them faster, more cost-effectively, and more efficiently. Undertaking multiple projects in parallel while using the same EPF contractor will greatly improve project performance,' said Hong Namkoong, President and CEO of SAMSUNG E&A. 'Additionally, we have pioneered with our Engineering Data Platform (EDP) utilizing digital tools to enhance project execution efficiency, ultimately driving down schedule timelines and costs.' Article content Svante has developed a unique, environmentally responsible carbon capture and removal technology, which employs what it calls 'structured adsorbent beds', known as 'filters'. The company's filters are coated with nanoengineered solid adsorbent materials, which can capture CO 2 from industrial emissions, including pulp and paper, waste-to-energy, cement, steel, fertilizer, hydrogen, and more. The company's filter technology can also be leveraged for direct air capture (DAC), in which CO 2 that has already been emitted into the atmosphere is trapped and removed from the ambient air. Article content 'We are looking forward to partnering with SAMSUNG E&A to deliver global commercial carbon capture projects at scale,' said Claude Letourneau, Svante's President and CEO. 'SAMSUNG E&A's 50+ years of experience in modularization across the industrial and energy sectors will be invaluable as we continue to hyperscale our operations and filter manufacturing capacity to expand our order book.' Article content One of the objectives of this collaboration is to offer industrial customers a one-stop shop via an integrated project delivery model for carbon capture plants. SAMSUNG E&A and Svante will develop standardized advanced front-end (FEL3) engineering package deliverables. During the project execution phase, it is anticipated that SAMSUNG E&A will be the exclusive EPF supplier of skid-mounted modules for CO 2 capture plants, while Svante will supply its patented carbon capture machines (contactors)and filter beds. This collaborative approach to building large industrial facilities is shown to be effective at optimizing industrial project management and performance. Article content 'This agreement will assist us in continuing to deliver world-class, environmentally responsible carbon capture plants that provide customers with both cost and schedule certainty, as well as convenient pre-engineered modules and automated data-driven engineering packages — an offering we can now provide to our clients in addition to the other unique benefits our technology brings.' Letourneau adds, 'An integrated project delivery model means customers no longer have to rely on the traditional bid-buy transactional relationships that they've been forced to deal with in the past.' Article content The two companies will work together to identify, develop, and deliver commercial-scale carbon capture projects globally, ensuring heavy industries and energy producers in these regions have more viable pathways to meet their emission reduction targets. Article content About Svante: Article content Headquartered in Vancouver, BC, Canada, Svante is a purpose-driven, leading carbon capture and removal solutions provider. The company makes nanoengineered filters and modular rotary contactor machines that capture and remove CO 2 in an environmentally responsible way from industrial emissions and the air. Svante is on the 2023 Global Cleantech 100, the XPRIZE Foundation's XB100 — World's Top 100 Deep Tech Companies, and was ranked second among private companies in the Corporate Knights' Future 50 Fastest Growing Sustainable Companies in Canada. To learn more about Svante, visit and follow Svante on LinkedIn or Twitter @svantesolutions. Article content Article content Article content Article content Article content Contacts Article content Article content Article content
