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    Shell, Petronas enter CCS collaboration

    Jan. 11, 2022
    Petronas has signed a joint study and collaboration agreement with Shell to explore carbon capture and storage projects and opportunities in Malaysia and the region.
    (Courtesy Petronas)
    Adif Zulkifli (left), Petronas executive vice president and CEO of Upstream and Ivan Tan (right), Shell Malaysia chairman and senior vice president of Upstream Malaysia.
    Adif Zulkifli (left), Petronas executive vice president and CEO of Upstream and Ivan Tan (right), Shell Malaysia chairman and senior vice president of Upstream Malaysia.

    Offshore staff

    KUALA LUMPUR, Malaysia – Petronas has signed a joint study and collaboration agreement (JSCA) with Sarawak Shell Berhad to explore carbon capture and storage (CCS) projects and opportunities in Malaysia and the region.

    Under the JSCA, the companies will perform an integrated CCS area development plan study to support the decarbonization ambitions of both parties within selected locations offshore Sarawak. The scope of the agreement includes exploring the provision of decarbonization service to Shell’s local and cross-border facilities, as well as to other potential regional customers.

    The outcome of the study will produce options in potential areas for further collaboration.

    Last November, Petronas signed a memorandum of understanding (MoU) with ExxonMobil Exploration and Production Malaysia Inc. to explore opportunities in CCS technologies to support the decarbonization of Malaysia’s upstream industry as well as to provide CO2 storage solutions for the region.

    In December, an MoU was signed with POSCO International Corp. and POSCO Engineering & Construction Co. Ltd. to assess for opportunities to unlock CCS potential and identify suitable technology within the scope of carbon capture, transportation of CO2 and storage.

    01/11/2022