Cluster 4: Malaysia Iron and Steel Decarbonisation Programme

Industry Lead:Mr George Lim, Malaysia Steel Works (KL) Berhad

Lead Agency: Malaysia Steel Institute

Background

Decarbonisation is rapidly becoming a key determinant of future competitiveness, market access, and investment attractiveness for steel producers worldwide. Malaysia's steel industry must be prepared to respond to evolving customer, investor, and regulatory expectations relating to carbon emissions and sustainability. This programme is therefore established to support the industry's transition towards low-carbon steel production through enabling frameworks, industry standards, and strategic decarbonisation initiatives.

Sub-Programmes

4A. Malaysia Iron and Steel Industry Renewable Energy Programme.

4B. Malaysia Iron and Steel Industry Carbon Tax Programme.

4C. Malaysia Iron and Steel Industry Green Steel Programme.

4D. Malaysia Iron and Steel Industry Carbon Capture Utilisation and Storage (CCUS) Programme.

4E. Malaysia Iron and Steel Industry Energy Efficiency Programme.

Alignment with Steel Industry Roadmap 2035 Strategy

S6: Establishing Groundwork for Steel Sector Decarbonisation.

Alignment with Steel Industry Roadmap 2035 Priority

P1F: Established transparency on industry production and capacity data.

P2A: Define clear targeted decarbonisation pathways for the iron and steel industry for different technologies and inputs.

P2B: Build foundations for industry decarbonisation with low carbon and green steel standards and frameworks with international practices.

P2C: Introduce transparency and emission disclosures by all steel mills including with MRV and EPD standards.

P2E: Facilitate and initiate internal improvements in efficiency and emissions by private sector players, and shift or convert to higher demand and higher value-added products.