• Environment
An example for other States
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• Environment
@ green | July-August . 2024
On the world recycling map
Project will get country closer to reducing carbon emissions by 45 per cent by 2030
MELAKA ’ S RM958 million recycling plant is poised to be a beacon for eco-conscious investors , promising both environmental impact and financial returns .
Chief Minister Datuk Seri Ab Rauf Yusoh ’ s vision is clear - Green Pet ( M ) Sdn Bhd ’ s new high-tech recycling business will not only transform Melaka into a green investment destination but also bolster the State ’ s economic growth strategy .
Almost 500 employment opportunities will be created when the 14-hectare facility , which has an investment of nearly RM958 million , is expected to be finished by
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the second quarter of 2025 .
Additionally , the project will assist in getting the country closer to its goal of reducing carbon emissions by 45 per cent by 2030 .
Rauf said Malaysia ’ s recycling rate for polyethene terephthalate was below worldwide norms , ranging from 28-45 per cent .
The Far Eastern Group of Taiwan is an industry powerhouse in polyester , and FE Green Pet is just one of their many successful subsidiaries .
Coca-Cola , Pepsi , F & N , Nike , Adidas , and Lululemon are just a few of the well-known brands that will benefit from the plant ’ s wasteto-value product transformations , such as turning plastic waste into new products in the beverage ,
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garment , and accessory industries .
According to Rauf , the State government will recognise the future challenges and opportunities and promote green investment in Melaka , particularly from those interested in utilising green energies from different sources , in response to the anticipated increase in demand for environmentally friendly products .
He announced that the Malaysian Investment Development Authority ( MIDA ) and Invest Melaka had made significant strides in streamlining the procedure and creating an enabling environment for sectors to attract
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green investors .
This includes tax incentives , streamlined approval processes , and access to green technology , all aimed at keeping Melaka ’ s growth momentum going .
FE Green Pet Chairman Donald Fan added that the factory ’ s construction shows the company ’ s dedication to environmental preservation and fits well with its development strategy .
“ With the help of cutting-edge technology , this factory will recycle plastic bottles into valuable goods , which will boost the local economy and encourage the circular economy ,” he stated .
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An example for other States
SUNGAI Linggi Eco-Cruise becomes a benchmark and example for outside parties interested in implementing or creating ecotourism products in their respective states .
Director of the Management and Financial Services Department , who is also the Chief Executive Officer of the Melaka River and Beach Development Corporation ( PPSPM ), Khairunnisa Ibno Masooda , said that since the launch of the ecotourism product at the end of last year , the number of visitors has been very encouraging .
Based on the records , Khairunnisa said many reservations were made by visitors from outside Melaka , especially those who come in groups to enjoy the beauty of flora and fauna while exploring the Linggi River .
“ Representatives outside Melaka , such as Kota Tinggi District Council , Benchmark Visit from Negeri Sembilan , Brunei Television Station and several other parties are among those who came to see what is on the Sungai Linggi Eco-Cruise . This Melaka ecotourism product is an example to outsiders ,” he said .
“ Be informed that Sungai Linggi Eco-Cruise , which has three or four ‘ pitstops ’, is quite popular on social media platforms among outside visitors , especially from Johor , Selangor , Negeri Sembilan and Kuala Lumpur .”
Commenting further , Khairunnisa said that from January to Jul 7 , a total of 1,300 visitors had been recorded on the Sungai Linggi Eco-Cruise .
“ I am confident that this new tourism product will attract more domestic and international visitors , especially before the school holiday season .
“ We have received several early bookings involving students and school teachers in and outside the State ,” he added .
CCS hub in Kuantan
PETRONAS , through its subsidiary Petronas CCS Solutions Sdn Bhd (“ PCCSS ”), recently signed a land rental agreement with Kuantan Port Consortium Sdn Bhd (“ Kuantan Port ”) to progress plans for its Southern Carbon Capture and Storage ( CCS ) hub in Pahang .
The hub , strategically positioned for an integrated CCS value chain and future growth , is expected to have its first injection by 2029 . It will play a pivotal role in reducing carbon emissions for hard-to-abate industries locally and internationally , underlining its strategic importance .
The location of the hub , strategically positioned for an integrated CCS value chain and future growth , is expected to create new economic opportunities and benefits for the surrounding communities .
This emphasis on the positive economic impact will make the communities feel optimistic and hopeful .
“ As Malaysia rallies towards energy transition and net zero carbon emissions , the establishment of a CCS hub is timely to provide a decarbonisation solution to industries such as steel , chemical , cement , power generation and petrochemical in Pahang ,” said PCCSS
Left to right : Petronas Head of Carbon Management Division Emry Hisham Yusoff , Chief Executive Officer of PCCSS Nora ’ in Binti Md Salleh , Chief Commercial Officer of Kuantan Port Mazlim Husin and General Manager of Finance of Kuantan Port Chan Weng Yew .
Chief Executive Officer , Nora ’ in Md Salleh .
“ This hub , with its abundant storage capacity , also serves to connect all the industrial areas in the west of Peninsular Malaysia and the Asia Pacific that are embarking on decarbonisation .
“ Ultimately , this project signifies our strong commitment to Malaysia in rolling out the implementation of the National Energy Transition Roadmap ( NETR ).”