The carbon capture, utilisation and storage (CCUS) industry has the potential to become a new source of national economic growth as well as generate high-value foreign investment, said Economy Minister Rafizi Ramli. In order to stimulate the CCUS industry on the matter, Rafizi said he will speed up the preparation of a CCUS-related bill to be tabled in Parliament within a period of between 12 and 15 months from now. He said the preparation of the bill needs to be accelerated as a basis for Malaysia to become an industry leader and CCUS hub in the Asian region considering that the country has a substantive carbon storage capacity, strategic location, good communication network and a conducive business ecosystem.

Source: The Sun