Malaysian oil giant PETRONAS has signed a Memorandum of Understanding with six South Korean companies to undertake conceptual and feasibility studies towards establishing a full value chain related to carbon dioxide capture, transport and storage. The six companies are Samsung Engineering, Samsung Heavy Industries, SK Earthono, SK Energy, GS Energy Corporation and Lotte Chemical.The MoU will also involve the evaluation of potential CO2 storage sites in Malaysia and exploration of other areas across the CCS value chain, including the strengthening of cross-border CO2 transportation.This collaboration is part of PETRONAS’ deliberate steps to build a sustainable portfolio with innovative solutions to produce energy responsibly, supporting the transition to a lower carbon future through collaborative efforts with industry partners.
Malaysian oil giant PETRONAS has signed a Memorandum of Understanding with six South Korean companies to undertake conceptual and feasibility studies towards establishing a full value chain related to carbon dioxide capture, transport and storage. The six companies are Samsung Engineering, Samsung Heavy Industries, SK Earthono, SK Energy, GS Energy Corporation and Lotte Chemical.The MoU will also involve the evaluation of potential CO2 storage sites in Malaysia and exploration of other areas across the CCS value chain, including the strengthening of cross-border CO2 transportation.This collaboration is part of PETRONAS’ deliberate steps to build a sustainable portfolio with innovative solutions to produce energy responsibly, supporting the transition to a lower carbon future through collaborative efforts with industry partners.
