Cluster 5: Malaysia Iron and Steel Smart Financing Programme

Industry Lead: Mr Calvin Seng Aik, MSMDA

Lead Agency: Malaysia Steel Institute

Background

The successful implementation of industry transformation and decarbonisation initiatives will require significant investment and access to appropriate financing mechanisms. Without adequate financial support, the pace of industry upgrading and adoption of sustainable technologies may be constrained. This programme is therefore established to facilitate access to financing, incentives, and investment support required to accelerate industry transformation and sustainable growth.

Sub-Programmes

5A. Malaysia Iron and Steel Industry Green Financing Programme.

5B. Malaysia Iron and Steel Industry Transition Financing Programme.

5C. Malaysia Iron and Steel Supply Chain Financing Programme.

Alignment with Steel Industry Roadmap 2035 Strategy

S7: Creating an Enabling Environment for Green Financing and Investment.

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 input.

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.