Petroliam Nasional Bhd (Petronas) has signed a memorandum of understanding (MoU) with Mitsui & Co Ltd for the conceptual and feasibility studies of the carbon capture and storage (CCS) value chain, including the evaluation of carbon dioxide (CO2) storage sites in Malaysia. Under the MoU, both parties will evaluate potential CO2 storage sites offshore Peninsular Malaysia in line with Petronas’ aim to establish Malaysia as a CCS regional hub in Asia-Pacific. The scope of collaboration covers the evaluation of other CCS value chains, capturing and gathering strategy of CO2 from various industries, competitive transportation of CO2 and emerging technology in direct air capture.

Source: The Edge