EXXONMOBIL and Petronas are working together to explore opportunities for carbon capture and storage projects in Malaysia.
The partners said through their memorandum of understanding they will assess the viability of carbon capture projects in locations offshore Peninsular Malaysia and share subsurface technical and infrastructure for pipelines, facilities and wells as they evaluate potential projects for storing, transporting and reusing capture CO2.
Adif Zulkifi, Petronas Executive Vice President and Chief Executive Officer of Upstream, said: “This collaboration is an important step to unlock the opportunities and potential of CCS in Malaysia through applied technologies and innovation, potentially helping us reach our net zero carbon emissions aspirations amidst an evolving energy landscape.”
ExxonMobil established a Low Carbon Solutions business in February that has announced a series of carbon capture plans, including studying the storage of emissions from its Fife ethylene plant in Scotland through the Acorn CCS project; an agreement with ten other industry majors to explore forming a major CCS hub in Houston, US; and working with Pertamina, the state-owned energy company of Indonesia, to study CCS projects in the country.
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