InvestSarawak And Toyo Engineering join forces

InvestSarawak and Toyo Engineering Corporation, in collaboration with its subsidiary Toyo Engineering & Construction Sdn Bhd, have inked a Memorandum of Understanding (MoU), underscoring their joint commitment to advancing the Sarawak government’s energy transition agenda.

This landmark partnership seeks to propel Sarawak towards cleaner and more sustainable energy sources, aligning with Toyo’s energy transition strategies as outlined in a press release.

The MoU sets forth a framework for cooperation between the two entities, aimed at identifying and facilitating potential investment projects crucial to the state’s energy transition initiatives.

Toyo has expressed its readiness to provide support in the development of value chain planning services essential for realizing these initiatives.

The collaborative efforts will focus on various energy projects integral to the state government’s agenda, including green hydrogen projects, carbon capture and storage (CCS) initiatives, waste-to-energy projects, energy storage solutions such as battery storage or pumped hydro storage, and the implementation of smart grid technology to enhance the efficiency and reliability of the electrical grid.

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