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Malaysia launches 10-year plan to green its steel industry by 2050, tackling overcapacity and boosting sustainable production.
Malaysia has launched a 10-year Steel Industry Roadmap 2035 to transform its steel sector into a sustainable, green industry by 2050, addressing overcapacity, reforming licensing, and advancing decarbonization.
The plan, unveiled by Investment, Trade and Industry Minister Tengku Zafrul Aziz, includes phased strategies to stabilize production, boost high-value manufacturing, and align with global environmental standards.
It emphasizes carbon pricing, transparency, financing for green tech, and regional cooperation within ASEAN to combat overcapacity and promote shared decarbonization efforts.
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Malasia lanza un plan de 10 años para ecologizar su industria siderúrgica para el año 2050, abordando el exceso de capacidad e impulsando la producción sostenible.