Petronas, Mitsui plan CCU value chain in Malaysia
SUMMARY
Both parties will evaluate potential CO2 storage sites offshore Peninsular Malaysia.
By Shardul SharmaPOSTED IN:
State-owned Petronas has signed a memorandum of understanding (MoU) with Japan’s Mitsui & Co. for the feasibility studies on carbon capture and storage (CCS) value chain, including the evaluation of carbon dioxide (CO2) storage sites in Malaysia, it said on June 29.
Under the MoU, both parties will evaluate potential CO2 storage sites offshore Peninsular Malaysia. The scope of collaboration covers the evaluation of other CCS value chain, capturing and gathering strategy of CO2 from various industries, competitive transportation of the CO2 and emerging technology in direct air capture.
This collaboration, Petronas said, is part of its steps to build a sustainable portfolio to support the transition towards climate change and subsequently participate in lower carbon energy play, through collaborative efforts with industry partners.
