PETRONAS signed an agreement with JAPEX to collaborate on carbon capture and storage (CCS) opportunities, including suitable carbon dioxide (CO2) storage solutions in Malaysia.
ETRONAS and JAPEX will perform technical maturation activities to unlock potential CCS solutions, which includes evaluating optimal capture, storage and transportation methods, as well as estimation of emissions, capture volumes and monitoring methods of CO2 stored underground.
This joint study will cover consideration of methods to capture and transport CO2 from the PETRONAS LNG Complex in Bintulu and from outside Malaysia as a future possibility.
Signing the MoU on behalf of PETRONAS was Executive Vice President and Chief Executive Officer of Upstream, Adif Zulkifli, while JAPEX was represented by Representative Director and Executive Vice President, Kazuhiko Ozeki. The signing was witnessed by Japan’s Ministry of Economy, Trade and Industry representative, Takeshi Soda and PETRONAS’ Head of CCS Enterprise Unit, Upstream, Nora’in Md Salleh.
Adif Zulkifli, Executive Vice President and Chief Executive Officer of Upstream, stated that:
We are confident that it will bring about valuable contributions in the Technical Maturation Study to unlock CCS potential in the country