Core Insights - The groundbreaking ceremony for a RM31 million biomass steam plant marks a significant step in Malaysia's renewable energy and industrial decarbonization efforts [1][2] Group 1: Project Overview - The biomass steam plant, developed under a 20-year steam supply and purchase agreement, will provide Kaneka Malaysia with up to 30 tonnes per hour of green steam, replacing conventional natural gas-based steam generation [2][3] - The project is a collaboration between Kaneka Malaysia, Bacre Gebeng Sdn Bhd, Knight Frank Project Services Sdn Bhd, and Boilermech Sdn Bhd, with financial support from Bank Islam Malaysia Bhd [3][4] Group 2: Environmental Impact - Kaneka Malaysia aims to reduce its greenhouse gas emissions by 70% by 2030 and achieve net zero by 2050, with the biomass steam plant expected to reduce carbon emissions by approximately 30,000 tCO2e annually [2][5] - The plant is projected to avoid 24,240 tonnes of CO₂ emissions each year and an additional 70,032 tCO₂ reduction over 10 years through methane avoidance [6] Group 3: Strategic Importance - The biomass steam plant aligns with Malaysia's national agenda of MyRER and the National Energy Transition Roadmap, promoting clean energy from agricultural waste and enhancing local employment opportunities [7] - The initiative reinforces circular economy principles and aims to improve Malaysia's competitiveness in environmental, social, and governance-led industries [7]

ZESTY Technology and Funding - Calix has secured a grant agreement with ARENA for $44.9 million to fund up to 50% of the ZESTY Demonstration Plant Project in Australia[43, 46] - The total project budget for the ZESTY demonstration plant, including commissioning and initial testing, is estimated at $90 million[44] - ZESTY is protected by 12 patent families[132] Market Opportunity and Drivers - The iron and steel industry accounts for up to 8% of global CO2 emissions[76] - Countries representing 78% of global GDP have net-zero commitments, driving demand for low-emission technologies[76] - The estimated total addressable market for ZESTY is projected to grow to approximately 790 million tonnes per annum (MT pa) of DRI by 2050[137, 162] ZESTY's Competitive Advantages - ZESTY's technology targets a low hydrogen consumption approach, aiming for the theoretical minimum required for reduction[132, 143, 161] - Pilot testing of ZESTY has achieved metallisation degrees ranging from 70% to 98%[143] - The estimated production cost of green HBI using ZESTY is between US$390 and US$500 per tonne[143]