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Kuala Lumpur, Malaysia – 7 October 2024
CarbonTrace Sdn. Bhd., Malaysia's largest carbon project developer and consultancy firm, has signed a Consortium Agreement with Answer Engineering (M) Sdn. Bhd., a leading energy efficiency and renewable energy solutions provider. This partnership represents a pivotal collaboration to drive transformative decarbonization and energy solutions across industries in Malaysia and beyond.
Tackling Carbon Emissions with Sustainable Innovation
As Malaysia advances toward its 2050 carbon-neutral target, industries are increasingly called to adopt sustainable energy practices and reduce carbon emissions. While challenges remain, the opportunities for innovative and impactful partnerships are immense. This consortium is a strategic response to these opportunities, combining the expertise and resources of CarbonTrace and Answer Engineering to catalyze change and deliver cutting-edge decarbonization and renewable energy solutions.
Enhanced Collaboration for Net Zero Ambitions
Through this collaboration, the consortium will jointly focus on advancing carbon and energy projects as well as delivering a wide range of services to support industries in achieving their sustainability goals, including:
Technology- and Nature-Based Carbon Credit Solutions
Carbon Consultancy and Advisory
Carbon Trading Services
Plastic Collection and Recycling Solutions
Thermal and Electrical Energy Recovery Services
Biomass and Biogas Energy Solutions
Energy Advisory and Consultancy Services
High-Impact Collaboration for Sustainability
The partnership leverages the unique strengths of both organizations to deliver value to clients by:
Reducing carbon emissions and energy consumption.
Ensuring compliance with regulatory requirements.
Enhancing revenue generation through sustainable practices.
Supporting businesses in reducing their environmental impact and achieving their sustainability targets.
A Shared Vision for a Low-Carbon Future
“At CarbonTrace, we are committed to fostering transformative partnerships that translate ambitious sustainability goals into tangible action,” said Alice Yeo, Director of Climate Solutions at CarbonTrace Sdn. Bhd. “This Consortium Agreement with Answer Engineering marks a significant step in our mission to help Malaysia achieve a more energy-efficient and low-carbon future.”
Ir. Levin Sim, Director at Answer Engineering, added: “This partnership combines our technical expertise in energy solutions with CarbonTrace’s leadership in carbon project development. Together, we are well-positioned to create innovative solutions that benefit businesses while contributing to Malaysia’s net zero ambitions.”
About CarbonTrace
CarbonTrace Sdn. Bhd. is a leading carbon project developer and consultancy firm based in Malaysia, dedicated to combating climate change and advancing the journey toward a Net Zero future. Specializing in both Nature-Based and Technology-Based Solutions, CarbonTrace provides comprehensive services that include the development of carbon projects and guidance on carbon credit issuance. The company is committed to transforming ambitious climate goals into actionable results that drive sustainability and global impact.
Answer Engineering is a prominent energy efficiency and renewable energy solutions provider in Malaysia. With expertise in thermal and electrical energy recovery, biomass and biogas solutions, and energy consultancy, Answer Engineering empowers businesses to adopt sustainable energy practices, reduce costs, and achieve compliance with energy regulations.
For more information, visit our website today.
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