KUCHING: A new low-carbon ammonia and urea plant in Bintulu is set to provide a significant boost in income and wealth creation for Malaysians, said Universiti Malaysia Sarawak (UNIMAS) economist Dr. Dzul Hadzwan Husaini
He told Sarawak Tribune that this initiative supports Sarawak’s food security and aligns with the global shift towards a circular economy, promoting sustainability and efficient resource use.
His comments came in response to Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg’s announcement of a RM6 billion investment in the project, which Dr. Husaini believes will attract further foreign investment to Sarawak.
He noted that foreign companies are increasingly looking for investment opportunities that adhere to environmentally conscious practices.
“Focusing on low-carbon technology demonstrates Sarawak’s capability to manage sophisticated industrial processes and makes it an attractive destination for high-end investment,” he said.
He highlighted that such investments would not only bolster the local economy but also integrate Sarawak into the global sustainable industry value chain.
Dr. Dzul also predicted a positive spillover effect, with the project encouraging foreign companies to invest in related sectors, leveraging local infrastructure and expertise.
“This can diversify the industrial base and enhance Sarawak’s status as a prime investment location, contributing to long-term economic growth and development,” he added.
Furthermore, he asserted that this project would become a vital new income source for Sarawak, helping diversify Malaysia’s economy away from its traditional reliance on oil, gas, and electronics.
