Malaysia Moves Forward with Comprehensive CCUS Legislation, Aims to Become Regional Hub

Kuala Lumpur, May 21, 2024 – In a significant move towards sustainable development, the Ministry of Economy has tabled a memorandum to the Cabinet today, setting the stage for the development of a comprehensive legal framework for Carbon Capture, Utilisation, and Storage (CCUS) initiatives in Malaysia. Economy Minister Rafizi Ramli announced the government’s commitment to tabling a standalone CCUS Bill by the end of 2024, alongside efforts to establish Malaysia as a regional hub for CCUS. Rafizi highlighted that the establishment of this legal framework is crucial for ensuring cohesive implementation, attracting high-impact investments, and effectively managing risks and liabilities