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AsiaElec: Petronas, Mitsui partner on CCS studies

Malaysia’s Petronas and Japan’s Mitsui & Co. have signed a memorandum of understanding (MoU) on partnering on studies into carbon capture and storage (CCS). Under the tentative deal, the two companies would collaborate on conceptual and feasibility studies on the CCS value chain, including the evaluation of carbon dioxide (CO2) storage sites offshore Peninsular Malaysia.
The partnership is one of several Petronas has formed with international companies in recent months as it seeks to establish Malaysia as a regional CCS hub. Since the start of this year, the Malaysian company has also partnered with Japan Petroleum Exploration (JAPEX) and Shell on CCS development. It has also signed an MoU with Mitsui OSK Lines (MOL) for the joint exploration of opportunities in the transportation of liquefied CO2.
Petronas said the scope of their collaboration would cover the evaluation of other CCS value chain, capturing and gathering strategy of CO2 from various industries, as well as competitive transportation of the CO2 and emerging technology in direct air capture (DAC).
“Through this collaboration, Petronas can leverage on Mitsui & Co.’s experience in its CCS project in the United Kingdom, which is the first CO2 appraisal and storage licence issued by the United Kingdom’s Oil and Gas Authority [OGA],” stated Petronas’ head of carbon management, Emry Hisham “We are confident that the feasibility studies will bring about valuable contribution in unlocking CCS potential in Malaysia. This is one of the many efforts to establish Malaysia as a leading CCS solutions hub in the region.”
Like the other partnerships it has struck, this one is at an early stage. It remains to be seen how many CCS projects will be advanced by these partnerships.