Toyo Engineering Inks Agreement With InvestSarawak For Energy Transition in Malaysia

InvestSarawak and Toyo Engineering Corporation, along with its subsidiary Toyo Engineering & Construction Sdn Bhd, signed a Memorandum of Understanding (MoU) in a move to advance the Sarawak government’s energy transition agenda.

This strategic collaboration aims to help Toyo explore and facilitate potential investment projects in Sarawak in alignment with the company’s energy transition strategies.

The MoU outlined the commitment of both parties in establishing a cooperative framework that will foster collaboration on potential energy projects critical to the state government’s energy transition initiatives. Toyo expressed its readiness to assist in the development of value chain planning services essential for realising these initiatives.

Such initiatives include developing green hydrogen projects, carbon capture and storage (CCS), waste-to-energy projects that convert organic waste materials into energy, energy storage solutions such as battery storage or pumped hydro storage, and smart grid technology to enhance the efficiency and reliability of the electrical grid.

InvestSarawak chief executive officer Timothy Ong said the partnership with Toyo is a testament to Sarawak’s commitment to embracing clean and sustainable energy sources that will propel the state’s economic and social development forward.

“This collaboration will leverage Toyo’s global insights and technological advancements to enhance our local capabilities,” he said. Toyo Engineering Corporation senior executive officer and unit director of the Business Development and Marketing Unit Casey Takeshi Matsumuro said: “We are honoured to support Sarawak’s ambitious energy goals.”