Latest news with #BPHB
Borneo Post
8 hours ago
- Business
- Borneo Post
Bintulu Port inks MoUs to boost Sarawak's clean energy transition
Each of these collaborations will proceed through focused feasibility studies and ongoing technical discussions to define key success criteria. KUCHING (Aug 12): Bintulu Port Holdings Berhad (BPHB) on Monday formalised three Memoranda of Understanding (MoUs) with strategic international partners to support Sarawak's ambition of becoming a regional hub for green energy and sustainable fuels. In a statement, Bintulu Port said the MoU exchange ceremony, witnessed by Sarawak Premier Tan Sri Abang Johari Tun Openg, coincided with the official launch of the Sarawak Energy Transition Policy (SET-P) here on Monday, marking a landmark demonstration of its commitment to clean energy leadership. Representing BPHB during the MoU exchange was board member Datuk Seri Fong Joo Chung. The strategic partners were represented by Sakura Ferroalloys Sdn Bhd general manager Rudolph du Perez, Borneo Biogas Pte Ltd chairman Tan Soo Kong and Jiangsu Guofu Hydrogen Energy Equipment Co. Ltd. (Guofuhee) chairman Wu Pinfang. 'The first MoU was signed with Sakura Ferroalloys to collaborate on decarbonisation initiatives, focusing on the development of bioethanol and sustainable aviation fuel (SAF). This initiative supports Sarawak's Net Zero Strategy 2050 and responds to global environmental frameworks such as the Carbon Border Adjustment Mechanism (CBAM),' the statement said. The second MoU was with Borneo Biogas, a company specialising in the sustainable production of biomethane and Bio-LNG derived from palm oil and agricultural waste. 'The collaboration will explore the feasibility of establishing Bio-LNG production capabilities in Sarawak, including the development of Bio-LNG bunkering infrastructure and the utilisation of Bio-LNG to power port support vessels,' it added. The third MoU, signed with Guofuhee, a China-based company specialising in hydrogen energy equipment and systems, aims to develop a liquid hydrogen facility, positioning Bintulu Port as a key enabler of hydrogen logistics and exports. The MoU also prioritises meeting local hydrogen demand for Sarawak's industrial and transportation sectors, including the potential integration of hydrogen-powered vessels into Bintulu Port's operations, while reinforcing Sarawak's aspirations to become a global leader in hydrogen exports. 'Each of these collaborations will proceed through focused feasibility studies and ongoing technical discussions to define key success criteria. These efforts are designed to ensure effective implementation that aligns with Sarawak's Net Zero 2050 objectives,' the statement read. – Bernama
The Sun
17 hours ago
- Business
- The Sun
Bintulu Port signs MoUs to advance Sarawak's clean energy goals
KUCHING: Bintulu Port Holdings Berhad (BPHB) has signed three Memoranda of Understanding (MoUs) with international firms to accelerate Sarawak's clean energy transition. The agreements were formalised during the launch of the Sarawak Energy Transition Policy (SET-P), witnessed by Sarawak Premier Tan Sri Abang Johari Tun Openg. BPHB board member Datuk Seri Fong Joo Chung represented the port, while partners included Sakura Ferroalloys, Borneo Biogas, and Jiangsu Guofu Hydrogen Energy Equipment Co. Ltd. The first MoU with Sakura Ferroalloys focuses on decarbonisation efforts, including bioethanol and sustainable aviation fuel (SAF) development. This aligns with Sarawak's Net Zero Strategy 2050 and global environmental policies like the Carbon Border Adjustment Mechanism (CBAM). The second MoU involves Borneo Biogas, which specialises in biomethane and Bio-LNG from palm oil and agricultural waste. The partnership will assess the viability of Bio-LNG production and bunkering infrastructure in Sarawak. The third MoU, with China's Guofuhee, targets the development of a liquid hydrogen facility at Bintulu Port. This initiative aims to position the port as a hub for hydrogen logistics and exports. The agreement also supports local hydrogen demand for industries and transport, including hydrogen-powered vessels. Feasibility studies and technical discussions will guide the implementation of these projects.
Borneo Post
01-08-2025
- Health
- Borneo Post
Bintulu Port sets benchmark in corporate anti-drug initiative
BINTULU (Aug 1): Corporate and private sector players are being encouraged to take a more proactive role in combating substance abuse by emulating Bintulu Port Holdings Berhad (BPHB), the first corporate body to establish its own Friends of the National Anti-Drugs Agency (Rakan AADK) group. Jepak assemblyman Iskandar Turkee, who is former Sarawak AADK director, hailed BPHB's initiative as a model of corporate integrity and commitment to a safe, drug-free workplace. 'This move reflects the company's strong resolve to integrity in its daily operations and its drive to deliver quality services while minimising misconduct,' he said during the Bintulu Port Ethics Day programme yesterday. He praised BPHB's leadership for fully supporting the government's integrity agenda under the Malaysian Anti-Corruption Commission (MACC), and for spearheading the Rakan AADK programme. 'This is a visionary step. In the past, anti-drug committees were common in government departments, but what Bintulu Port is doing now goes further – they have formed an anti-drug entity within a corporative environment, which is very commendable,' he added. Iskandar also emphasised that drug prevention efforts must extend beyond the workplace to include employees' families. 'This kind of top-level commitment ensures that integrity is not only preached but felt by all stakeholders,' he said, encouraging other private companies to emulate BPHB's efforts. He acknowledged that substance abuse affects both the public and private sectors and highlighted AADK's collaboration with employers to conduct urine screenings during recruitment as a preventive measure. Drawing from his experience in rehabilitation centres, Iskandar noted that many addiction cases stem from fragile family backgrounds, and expressed hope that BPHB's programme would include parent-focused sessions and family engagement activities to create a protective environment for children and youths. He added that elected representatives must support these efforts by providing recreational and sports facilities, helping young people lead active, meaningful lives that steer them away from negative influences. Meanwhile, Bintulu Port Group president and chief executive officer Ruslan Abdul Ghani expressed pride in the company's pioneering role. 'We initiated Rakan AADK as a preventive platform to foster awareness and engagement through talks, outreach, and continuous education. We aim to build a drug-free culture among our staff and their families,' he said. Ruslan reiterated that substance misuse remains a major concern and stressed the need for inclusive, sustained efforts to protect the workforce and the surrounding community.
The Star
09-06-2025
- Business
- The Star
Weaker LNG volume weighs on Bintulu Port
An aerial view of Bintulu Port PETALING JAYA: Kenanga Research is slashing its forecasts for Bintulu Port Holdings Bhd 's (BPHB) net profit for this year and next year. The research house said it is cutting its forecast net profit for both years by 23%, taking into account weaker-than-expected liquefied natural gas (LNG) cargo volume due to difficulties at the LNG complex, following a scheduled maintenance shutdown in the second quarter of this year (2Q25). 'BPHB's 1Q25 results came in below expectations at 19% of our full-year forecast, and 18% of consensus' full-year estimates. The key variance was due to the weaker-than-expected LNG cargo volume due to technical difficulties at the Malaysia LNG Sdn Bhd (MLNG) complex,' the research house said However, the research house said it continues to like BPHB for its steady income stream from handling LNG cargoes for MLNG and maintained its 'market perform' call on BPHB.
Malaysian Reserve
28-05-2025
- Business
- Malaysian Reserve
Bina Puri unit faces RM155,000 winding-up petition
BINA Puri Holdings Bhd (BPHB) said that its wholly owned subsidiary, Bina Puri Properties Sdn Bhd (BPPSB), has become aware of a winding-up petition filed by Peragash Subramaniam over an alleged debt of RM155,075.51. The petition, dated May 20, 2025, has not yet been officially served on BPPSB or the company, and BPHB only learned of it through a newspaper advertisement in a local English daily. BPPSB is seeking legal advice and plans to oppose the petition. The subsidiary is not classified as a major unit under Bursa Malaysia's listing requirements, and BPHB stated there will be no immediate financial or operational impact on the group. The hearing is scheduled for June 19, 2025. — TMR
