ExxonMobil and Petronas have signed a memorandum of understanding to jointly explore potential carbon capture and storage technology projects in Malaysia.
They will assess the viability of projects in locations offshore Peninsular Malaysia, and will share subsurface technical and infrastructure data for pipelines, facilities and wells for potential schemes involving storage, transport, and re-use of captured CO2.
“ExxonMobil continues to explore opportunities in Southeast Asia for large-scale carbon capture and storage projects that have the potential to make the greatest impact in the highest-emitting sectors,” said Joe Blommaert, president of the company’s Low Carbon Solutions business.
“With joint collaboration and well-designed policies, we can use our capabilities to develop projects that progress reliable, safe and ready-to-deploy technologies at scale that could significantly reduce emissions throughout Malaysia.”
