KUALA LUMPUR (Aug 11): Bintulu Port Holdings Bhd (KL:BIPORT) has signed three memoranda of understanding (MOUs) with international partners in a bid to advance Sarawak’s ambition of becoming a regional hub for green energy and sustainable fuels.
The MOU exchange was held in conjunction with the official launch of the Sarawak Energy Transition Policy (SET-P), witnessed by Sarawak Premier Tan Sri Abang Johari Tun Openg.
The first MOU, signed with Sakura Ferroalloys Sdn Bhd, focuses on joint decarbonisation initiatives, including the development of bioethanol and sustainable aviation fuel (SAF). The partnership aims to translate strategic sustainability goals into practical industrial solutions that reduce emissions and accelerate clean fuel adoption across the region.
Sakura Ferroalloys is a tripartite joint venture of mining firm Assmang Ltd (South Africa), Japanese trading giant Sumitomo Corp and Taiwan’s China Steel Corp.
The second MOU was inked with Borneo Biogas Pte Ltd, a specialist in sustainable biomethane and Bio-LNG production derived from palm oil and agricultural waste. The collaboration will assess the feasibility of establishing Bio-LNG production in Sarawak, including bunkering infrastructure and the use of Bio-LNG to power port support vessels.
The partnership also includes technical and operational knowledge exchange, reinforcing Bintulu Port’s long-term ESG commitments and green transition strategy.
The third MOU was signed with Jiangsu Guofu Hydrogen Energy Equipment Co Ltd (GUOFUHEE), a China-based hydrogen energy systems provider. This partnership aims to develop a liquid hydrogen facility, positioning Bintulu Port as a key enabler of hydrogen logistics and exports.
The MOU also prioritises local hydrogen demand for Sarawak’s industrial and transport sectors, including the potential deployment of hydrogen-powered vessels within port operations.
Bintulu Port stated that each collaboration will proceed through targeted feasibility studies and ongoing technical discussions to define success criteria.
These efforts are aligned with Sarawak’s Net Zero 2050 goals and its vision to emerge as a global leader in renewable and low-carbon energy, it added.
Shares in Bintulu Port were not traded on Monday. It last traded on Aug 8 at RM5.11, valuing the company at RM2.35 billion. Year-to-date, the stock has declined 14.8%.
– The Edge