KUALA LUMPUR: Swedish-Swiss electrification and automation leader ABB Ltd is looking into expanding its footprint in Malaysia through partnerships in supporting key projects.
ABB’s Asia President for the Energy Industries, Anders Maltesen, said the multinational is currently supporting some key projects in Malaysia, including Batang Ai, the PETRONAS liquefied natural gas two floating liquefied natural gas facility, and Malaysia’s biggest crude oil refinery in Melaka, among others.
“We will continue to explore and nurture partnerships in Malaysia that will help accelerate net-zero ambitions,” he told Bernama.
Maltesen noted that while there is a shift towards renewable energy, oil and gas will still be part of the energy mix by 2050, and it is important to continue to leverage existing and emerging technologies to ensure a balanced transition.
“Today, technology enables a progressive energy transition.
“Therefore, the transition is not an ‘either/or’ scenario but rather an ‘and’ situation – where we aim to minimise carbon emissions per kWh from hydrocarbons and ensure that any new additions are net-zero,” he said.
Maltesen said that achieving net-zero requires significant investments and the question of funding will be critical.
“This is why efforts to facilitate and accelerate the energy transition journey require strong support from both central and state governments, given the evolving nature of technologies and concerns regarding implementation costs.
“This collaborative approach fosters a level-playing field in the renewable energy sector, stimulating competition and expanding job opportunities,” he said.
