SANDAKAN: Tanjong Papat State Assemblyman, Alex Thien Ching Qiang, has urged the Sabah State Government to take a more proactive approach in developing the Carbon Capture and Storage (CCS) industry to ensure the state does not miss out on the high-value economic opportunities that the sector is expected to generate in the future.
He said Sabah should move in tandem with Sarawak, which is currently urging the Federal Government to expedite the establishment of a regulatory framework for the transportation of carbon dioxide (CO₂), a key component in the development of Malaysia’s CCS industry.
According to Alex, without a clear regulatory framework governing the transportation of CO₂ via pipelines or maritime transport, large-scale investments in the CCS industry will continue to face uncertainty.
“Sabah should not remain a bystander. The State Government must adopt a more proactive approach by working closely with the Federal Government to ensure Sabah becomes one of the key players in the development of Malaysia’s CCS industry,” he said in a statement today.
Alex noted that Sabah possesses significant natural advantages to emerge as a regional carbon storage hub due to its strategic geographical location and the presence of numerous mature offshore oil and gas fields.
He explained that the development of the CCS industry would not only support environmental sustainability goals but also serve as a new engine of economic growth for Sabah by attracting high-quality investments, creating high-skilled employment opportunities, facilitating technology transfer, and strengthening the value chain of the oil and gas sector.
At the same time, he stressed that Sabah should capitalise on its geological assets to generate new sources of revenue through carbon storage services, the utilisation of existing infrastructure, and the development of supporting industries.
“This potential must be strategically planned so that the economic benefits can be enjoyed by the people of Sabah over the long term,” he said.
Alex also believes that the State Government should begin formulating policies and legislation that are aligned with the needs of the CCS industry, rather than waiting for all federal policies to be finalised before taking action.
“Early preparation is crucial to ensure Sabah does not lose out on the multi-billion-ringgit economic opportunities that are expected to grow rapidly in the years ahead,” he added.
In this regard, Alex called on the Sabah State Government to make the development of the CCS industry one of the state’s strategic priorities, while ensuring that Sabah’s rights over its natural resources and the economic benefits arising from the industry are safeguarded for the well-being of its people and the long-term prosperity of the state. Must Act Proactively to Develop the CCS Industry – Alex Thien
SANDAKAN: Tanjong Papat State Assemblyman, Alex Thien Ching Qiang, has urged the Sabah State Government to take a more proactive approach in developing the Carbon Capture and Storage (CCS) industry to ensure the state does not miss out on the high-value economic opportunities that the sector is expected to generate in the future.
He said Sabah should move in tandem with Sarawak, which is currently urging the Federal Government to expedite the establishment of a regulatory framework for the transportation of carbon dioxide (CO₂), a key component in the development of Malaysia’s CCS industry.
According to Alex, without a clear regulatory framework governing the transportation of CO₂ via pipelines or maritime transport, large-scale investments in the CCS industry will continue to face uncertainty.
“Sabah should not remain a bystander. The State Government must adopt a more proactive approach by working closely with the Federal Government to ensure Sabah becomes one of the key players in the development of Malaysia’s CCS industry,” he said in a statement today.
Alex noted that Sabah possesses significant natural advantages to emerge as a regional carbon storage hub due to its strategic geographical location and the presence of numerous mature offshore oil and gas fields.
He explained that the development of the CCS industry would not only support environmental sustainability goals but also serve as a new engine of economic growth for Sabah by attracting high-quality investments, creating high-skilled employment opportunities, facilitating technology transfer, and strengthening the value chain of the oil and gas sector.
At the same time, he stressed that Sabah should capitalise on its geological assets to generate new sources of revenue through carbon storage services, the utilisation of existing infrastructure, and the development of supporting industries.
“This potential must be strategically planned so that the economic benefits can be enjoyed by the people of Sabah over the long term,” he said.
Alex also believes that the State Government should begin formulating policies and legislation that are aligned with the needs of the CCS industry, rather than waiting for all federal policies to be finalised before taking action.
“Early preparation is crucial to ensure Sabah does not lose out on the multi-billion-ringgit economic opportunities that are expected to grow rapidly in the years ahead,” he added.
In this regard, Alex called on the Sabah State Government to make the development of the CCS industry one of the state’s strategic priorities, while ensuring that Sabah’s rights over its natural resources and the economic benefits arising from the industry are safeguarded for the well-being of its people and the long-term prosperity of the state.
