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HYCO1 signed a Joint Collaboration Agreement with Petroleum Sarawak Berhad (PETROS) and PJ Energy Services (M) Sdn Bhd to advance carbon utilization and low-carbon development in Sarawak, Malaysia. The partnership aims to convert CO₂ emissions into high-value products using HYCO1's patented technology that reduces natural gas consumption by up to 50%.

This collaboration aligns with the Sarawak Gas Roadmap and PETROS' carbon capture initiatives, focusing on developing low-carbon production hubs. The agreement involves screening investment opportunities to produce low-cost, low-carbon chemicals and fuels, contributing to Sarawak's decarbonization goals and sustainable industrial growth.