Latest news with #Masteel
The Star
4 days ago
- Business
- The Star
Steel innovation for lasting sustainability
ACROSS Malaysia, cities and homes face a critical challenge as climate change escalates. Life-changing heatwaves and floods now profoundly impact lives, demanding immediate action to safeguard the nation's future. The construction industry must adapt to play a crucial role in shaping a more resilient future. This shift requires the use of smarter materials and greener structures for all. As Malaysia's leading steel manufacturer, Malaysia Steel Works (KL) Bhd (Masteel) is taking charge in building a sustainable and responsible future for the country's buildings and infrastructure. The company's commitment to net-zero fuels continuous innovation. Innovation in action: Masteel's Direct Casting and Direct Rolling process cuts carbon intensity by eliminating fossil fuels in billet heating. Masteel has adopted advanced processes that redefine steelmaking. The company's pioneering Direct Casting and Direct Rolling technology eliminates the use of fossil fuels in billet heating, significantly reducing carbon intensity. Its six-phase roadmap to net-zero by 2050 is well underway, having already achieved a remarkable 51.2% reduction in Scope 1 greenhouse gas (GHG) emissions as of 2024. Masteel's energy efficiency programme optimises operations through real-time monitoring. Since August 2024, the company has achieved an average reduction of 33.7% in GHG emissions per metric tonne of steel, made possible by over RM57mil in investments for carbon capture monitoring. The company's technological evolution embraces the future of steelmaking. Masteel utilises low GHG emission Induction Furnaces (IFs), recognised worldwide for their high efficiency. These furnaces produce carbon and alloy steel from raw materials sourced from the circular economy. The company also sets industry benchmarks, being the first steel mill in Malaysia to adopt an ultra-low GHG process. Beyond carbon, Masteel's commitment to holistic resource management ensures the conservation of precious resources through its zero-water discharge practice, which recycles all process cooling water. Recognised for excellence: Masteel executive director Shirley Ng receiving the Gold Award for Energy Efficiency at The Star's ESG Positive Impact Awards 2024, in the presence of OCBC Malaysia chief executive officer Tan Chor Sen (left) and Star Media Group chief executive officer Chan Seng Fatt. Masteel also drives industry decarbonisation through innovative partnerships. The company's collaboration with The Institute for Democracy and Economic Affairs (IDEAS) supports policy advocacy, promotes Climate Change Leadership in Asean and aligns with Malaysia's National Industrial Master Plan. Looking ahead, Masteel actively engages with academia to pursue new horizons. The company has partnered with experts from Universiti Tunku Abdul Rahman (UTAR) to jointly explore carbon capture, utilisation and storage (CCUS), pushing boundaries for cleaner solutions. Honoured for innovation: Masteel liaison officer Brian Tai, representing Masteel executive vice chairman Datuk Seri Tai Hean Leng, accepting the Gold Award for Innovative Partnership from Chan, with Tan (left) in attendance at The Star's ESG Positive Impact Awards 2024. Masteel's sustainability pursuits have earned the company independent recognition. It was honoured with two Gold Awards at The Star's ESG Positive Impact Awards 2024 for green steel production and decarbonisation leadership, affirming its progress in responsible manufacturing. Masteel offers a distinct advantage for all stakeholders, ensuring sustainability and market competitiveness as regulations evolve, including the Construction Industry Development Board (CIDB)'s new green criteria and the rising Green Building Index (GBI) benchmarks. The company's responsibly manufactured green steel helps achieve: > Enhanced regulatory compliance: Seamless alignment with green construction requirements; > Elevated ESG credibility: Strengthened corporate profile and property value; > Boosted brand reputation: Demonstrated commitment to sustainability; > Future-proof investments: Positioning projects ahead with low-carbon materials. To learn more about the company, its products and sustainability initiatives, visit
The Star
06-05-2025
- Business
- The Star
Masteel partners Kelington, Utar in CCUS study
KUALA LUMPUR: Malaysia Steel Works (KL) Bhd (Masteel) has signed a memorandum of understanding (MoU) with Ace Gases Marketing Sdn Bhd and Universiti Tunku Abdul Rahman (Utar) to deploy innovative carbon capture, utilisation and storage (CCUS) technologies to embed new green innovations into Masteel's ultra-low carbon steel production facility. Ace Gases is a wholly-owned subsidiary of Kelington Group Bhd . In a statement, Masteel said the parties will jointly conduct a feasibility study to identify optimal CO2 capture technologies for steel manufacturing, and explore utilisation or storage options for captured CO2. The study will enable Masteel to further minimise its carbon footprint and meet industry demand for sustainable steel. In future phases, the study will focus on optimising Masteel's energy use and operational efficiency, while exploring opportunities to monetise captured CO2, including through the trading of VCUs "This collaboration on CCUS technology reflects our proactive approach to addressing the challenges presented by climate change, ensuring long-term sustainability of our operations," said Masteel executive vice-chairman Datuk Sri Tai Hean Leng. Under the collaboration, Masteel will provide operational insights and plant infrastructure while Kelington, via Ace Gases, will provide technical expertise in CO2 capturing and storage solutions. Utar will bring academic research and analytical capabilities on carbon utilisation from the CO2 capture at site.
