Latest news with #CCS-enabled
Daily Express
22-04-2025
- Business
- Daily Express
Bintulu, Samalaju ports to be CCS-enabled hubs
Published on: Tuesday, April 22, 2025 Published on: Tue, Apr 22, 2025 By: Bernama Text Size: KUCHING: Bintulu Port Holdings Bhd (BPHB) is advancing the establishment of a carbon capture and storage (CCS) infrastructure at Bintulu Port and Samalaju Industrial Port as part of its long-term sustainability strategy. BPHB said these CCS-enabled port hubs will be integral to Malaysia's decarbonisation roadmap, positioning BPHB as a key enabler in regional carbon management and sustainable energy logistics. 'BPHB remains steadfast in delivering strategic value across its core business pillars—enhancing infrastructure, accelerating digital transformation and solidifying its role as a progressive enabler in carbon management and sustainable energy solutions,' it said in a statement Monday. BPHB is also moving forward with initiatives to operationalise free zone areas at both ports to unlock new investment opportunities and enhance trade facilitation. 'Upgrades to the Bintulu International Container Terminal are also underway to align with international standards in efficiency, agility and sustainability,' said the statement issued to coincide with the company's 29th annual general meeting (AGM). BPHB said the Borneo Oil and Gas Supply Base project remains a cornerstone of the group's ambition to position Sarawak as a regional hub for offshore energy logistics and support Malaysia's energy ecosystem with integrated, future-ready logistics solutions. At the AGM, BPHB declared a dividend of RM69.0 million (15 sen per share), which it said was a balanced capital management approach that provides shareholder returns while supporting reinvestment for future growth. The shareholders were also told at the meeting that for last year, BPHB had achieved several all-time high operational milestones, with its total group revenue rising by 8.13 per cent to RM888.47 million, reflecting its robust performance and disciplined operational management. The achievements last year included a total cargo throughput of 51.94 million tonnes, setting a new performance benchmark, and vessel traffic reaching a record 8,026 calls, further reinforcing Bintulu Port's position as a critical maritime logistics hub in the region. 'These results highlight BPHB's ability to navigate dynamic operating conditions while delivering tangible value through operational excellence and strategic focus,' the statement added. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Barnama
21-04-2025
- Business
- Barnama
BPHB On Course To Make Bintulu, Samalaju Industrial Ports CCS-enabled Hubs
REGION - SARAWAK > NEWS KUCHING, April 21 (Bernama) -- Bintulu Port Holdings Bhd (BPHB) is advancing the establishment of a carbon capture and storage (CCS) infrastructure at Bintulu Port and Samalaju Industrial Port as part of its long-term sustainability strategy. BPHB said these CCS-enabled port hubs will be integral to Malaysia's decarbonisation roadmap, positioning BPHB as a key enabler in regional carbon management and sustainable energy logistics. 'BPHB remains steadfast in delivering strategic value across its core business pillars -- enhancing infrastructure, accelerating digital transformation and solidifying its role as a progressive enabler in carbon management and sustainable energy solutions,' it said in a statement today. bootstrap slideshow BPHB is also moving forward with initiatives to operationalise free zone areas at both ports to unlock new investment opportunities and enhance trade facilitation. 'Upgrades to the Bintulu International Container Terminal are also underway to align with international standards in efficiency, agility and sustainability,' said the statement issued to coincide with the company's 29th annual general meeting (AGM). BPHB said the Borneo Oil and Gas Supply Base project remains a cornerstone of the group's ambition to position Sarawak as a regional hub for offshore energy logistics and support Malaysia's energy ecosystem with integrated, future-ready logistics solutions. At the AGM, BPHB declared a dividend of RM69.0 million (15 sen per share), which it said was a balanced capital management approach that provides shareholder returns while supporting reinvestment for future growth. The shareholders were also told at the meeting that for last year, BPHB had achieved several all-time high operational milestones, with its total group revenue rising by 8.13 per cent to RM888.47 million, reflecting its robust performance and disciplined operational management. The achievements last year included a total cargo throughput of 51.94 million tonnes, setting a new performance benchmark, and vessel traffic reaching a record 8,026 calls, further reinforcing Bintulu Port's position as a critical maritime logistics hub in the region.
