Carbon storage unlocked: Malaysia’s CCS market valued at $250 billion, draws cross-border interest

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Malaysia enacts new regulation to accelerate carbon capture and storage development. (Image: iStock) 

Malaysia enacts new regulation to accelerate carbon capture and storage development. (Image: iStock) 

Malaysia, a major oil-producing country, has used carbon capture and storage (CCS) technology to enhance oil recovery and generate foreign exchange. As the world moves toward energy transition, CCS has emerged as a key decarbonization technology.

The Malaysian government has passed the legislation to support CCS development. RECCESSARY takes a closer look at Malaysia’s CCS ambitions, highlighting the country's advantages, emerging challenges, and what Taiwan can learn from global frontrunners. 

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