PETRONAS and Shell have teamed up to study opportunities to collaborate on the use of carbon capture and storage in Malaysia.
The energy majors have signed a joint study and collaboration agreement to identify CCS projects they can work together on and storage solutions they could provide in Malaysia and the wider region.
Petronas Upstream CEO Adif Zulkifli said the partnership could help the company achieve its net zero target by 2050.
“This is one of the many efforts to position and establish Malaysia as a leading CCS solutions hub in the region,” he added.
Malaysia’s state energy company signed a similar deal with ExxonMobil in November. They agreed to 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.
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