Malakoff : Launches Biomass Co-Firing Project To Accelerate Malaysia's National Energy Transition Roadmap

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NEWS RELEASE FOR IMMEDIATE PUBLICATION MALAKOFF LAUNCHES BIOMASS CO-FIRING PROJECT TO ACCELERATE MALAYSIA'S NATIONAL ENERGY TRANSITION ROADMAP Kuala Lumpur, Malaysia - 26 May 2024: Malakoff Corporation Berhad ("Malakoff") launched its Biomass Co-Firing project today at its 2,100 MW coal-fired Tanjung Bin Power Plant ("TBPP") in Pontian, Johor. This initiative, a flagship project of the National Energy Transition Roadmap ("NETR"), demonstrates Malakoff's commitment to supporting the National target of reducing carbon intensity by 45% by 2030 and increasing the Renewable Energy ("RE") capacity mix from 40% to 70% by 2050. Deputy Prime Minister and Minister of Energy Transition and Water Transformation ("PETRA"), Yang Amat Berhormat Dato' Sri Haji Fadillah Haji Yusof, launched the project during his working visit to TBPP. Malakoff's Chairman, Yang Berbahagia Tan Sri Dr. Ahmad Tajuddin Ali, Malakoff's Managing Director & Group Chief Executive Officer, Encik Anwar Syahrin Abdul Ajib hosted the visit along with other energy industry stakeholders. This flagship initiative aims to co-fire up to 15% biomass with coal at TBPP by 2027. After successfully completing a trial run with up to 0.5% biomass co-firing in December 2022, Malakoff completed the construction and commissioning of its 2% biomass co-firing installation in the first quarter of 2024, with the plan to increase further to 3% to 5% in 2025, ultimately reaching a target capacity of at least 15% by 2027. The full-phase implementation of 15% biomass co-firing with coal is estimated to offset a significant amount of carbon dioxide equivalent ("CO2e") emissions that is comparable to 141,536,250 of matured trees planted. It is also intended to enhance grid stability and align with Malaysia's commitment to a Just Energy Transition ("JET"), aiming for an equitable shift to a greener economy, inclusive opportunities, meaningful employment and addressing the Energy Trilemma of security, sustainability, and affordability. Malakoff is currently actively exploring cutting-edge Japanese and European technologies in biomass co-firing and handling equipment to optimise efficiency during the commercial phase. Innovations such as 'smart silo systems', capable of storing multiple types of biomass fuel, and the utilisation of torrified pellets, are being considered to streamline operations. These advancements have the...

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