9,345.15 TRY BIST 100 BIST 100
5.45 CNY CNY CNY
44.37 EUR EUR EUR
38.97 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
44.67 TRY Interest Interest
64.68 USD Fossil Oil Fossil Oil
41.66 USD Silver Silver
4.79 USD Copper Copper
99.36 USD Iron Ore Iron Ore
334.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,162.11 TRY Gold (gr) Gold (gr)
9,345.15 TRY BIST 100 BIST 100
5.45 CNY CNY CNY
44.37 EUR EUR EUR
38.97 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
44.67 TRY Interest Interest
64.68 USD Fossil Oil Fossil Oil
41.66 USD Silver Silver
4.79 USD Copper Copper
99.36 USD Iron Ore Iron Ore
334.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,162.11 TRY Gold (gr) Gold (gr)
9,345.15 TRY BIST 100 BIST 100
5.45 CNY CNY CNY
44.37 EUR EUR EUR
38.97 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
44.67 TRY Interest Interest
64.68 USD Fossil Oil Fossil Oil
41.66 USD Silver Silver
4.79 USD Copper Copper
99.36 USD Iron Ore Iron Ore
334.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,162.11 TRY Gold (gr) Gold (gr)

Malaysia aims to reduce carbon emissions with green steel project

Sabah's Chief Minister Datuk Seri Hajiji Noor stated that they aim to reduce carbon emissions with the RM20 billion green steel project in Sipitang Oil and Gas Industrial Park (Sogip).

Malaysia aims to reduce carbon emissions with green steel project

The project highlights Sabah's investments in sustainable energy, waste management and environmentally friendly solutions. As part of the agreement, an agreement was made between natural gas supplier SEC and Esteel Sabah to supply 150 million cubic feet of natural gas per day.

SEC will provide 100 mmscfd of natural gas for Esteel Sabah's steelmaking plant, and an additional 50 mmscfd of natural gas will be provided for electricity generation over the next 20 years.

The green steel project is a project that adopts an environmentally friendly production process by reducing carbon emissions through the use of natural gas. Esteel Sabah's facility in Sipitang costs US$1.93 billion and is scheduled to be completed by 2026. This project aims to create approximately 2,795 job opportunities by contributing to regional development.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

UAE removes Esfahan Steel from ECAS list

Tuesday, May 27, 2025

EU Council agrees on legislative proposal to simplify CBAM regulation

Tuesday, May 27, 2025

Steel pipe deal worth USD 27.7 million signed between Arabian Pipes and Aramco

Tuesday, May 27, 2025

Çolakoğlu Metalurji maintained its place in ISO 500

Tuesday, May 27, 2025

International Trade Council: “A world in turmoil” as trade uncertainty hovers over markets

Tuesday, May 27, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now