Petroleum Sarawak Bhd (Petros) is partnering with China Jiangsu International Technology Corp Group Ltd (CJI) to develop the Kuching Low Carbon Hub (KLCH).
Petros signed a framework agreement with CJI and memoranda of understanding with seven other leading Chinese green-economy companies in Nanjing, China, last Thursday.
Sarawak Premier Tan Sri Abang Johari Tun Openg.
The Sarawak Public Communications Unit said the strong interest from these companies highlights KLCH’s potential as a globally connected low-carbon industrial hub.
Sarawak Premier Tan Sri Abang Johari Tun Openg noted that the collaboration with CJI and the other Chinese firms could attract up to US$7 billion (RM28.7 billion) in green-economy investments over the next decade.
“The investment in KLCH will boost Sarawak’s economy, raise GDP, and create numerous high-skilled job opportunities, improving household incomes,” he said after the signing ceremony.
Also attending were Sarawak Deputy Minister for Utilities Datuk Ibrahim Baki, Petros chairman Tan Sri Hamid Bugo, group CEO Datuk Janin Girie, and CJI chairman Song Qinbo and president Zhu Xingbao. 
Abang Johari explained that KLCH aims to draw industries focused on low-carbon and green-energy solutions, leveraging Sarawak’s natural gas, water resources, renewable hydropower, and carbon storage potential.
“These advantages make Sarawak an attractive destination for global companies producing low-carbon and green products, especially for markets in ASEAN, East Asia, and beyond,” he added.
