Petronas taps Adnoc, Storegga to evaluate carbon capture, storage in Malaysia
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
MALAYSIAN state energy firm Petroliam Nasional (Petronas) will collaborate with Abu Dhabi National Oil Company (Adnoc) and UK-based Storegga to evaluate carbon dioxide emissions storage in Malaysia, the companies said on Tuesday (Aug 20).
The three companies have signed an agreement for assessing the CO2 storage capabilities of saline aquifers and the construction of carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia, they said.
The deal targets at least five million tonnes per annum of CO2 capture and storage capacity by 2030.
Malaysia has an abundance of deep saline aquifer reservoirs which presents an opportunity for the development of a CCS hub in South-east Asia.
Activities under the agreement are scheduled to begin later this year, the companies added. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
