Petronas has joined six South Korean companies to carry out conceptual and feasibility studies toward establishing a full value chain related to carbon dioxide (CO2) capture, transport and storage.
The company has penned a memorandum of understanding with construction firm Samsung Engineering, shipbuilder Samsung Heavy Industries (SHI), energy players SK Earthon, SK Energy, GS Energy Corporation and petrochemical firm Lotte Chemical.
Petronas is also working with Japan’s Mitsui OSK Lines (MOL) to study liquefied CO2 transportation, together with MOL’s partially owned CO2 specialist, Larvik Shipping.
The national oil company added that collaboration is part of its efforts 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.
Petronas said the deal also involves the evaluation of potential CO2 storage sites in Malaysia and exploration of other areas across the carbon capture and storage (CCS) value chain, including the strengthening of cross-border CO2 transportation.
Tags: CO2 Transport, GS Energy Corporation, Petronas, SK Earthon, SK Energy, South Korea
Recent Posts
Green hydrogen gets official stamp as India notifies certification scheme
Wärtsilä expands methane slip reduction capabilities by introducing NextDF technology
GS E&C, Amogy, and HD Hyundai Infracore partner with South Korean City Pohang-si
SK Incheon Petrochem Launches South Korea’s First B30 Biofuel Marine Fuel to Support Maritime Decarbonisation
JSW Infrastructure Eyes Green Hydrogen and Ammonia to Power Sustainable Port Operations
HAV Group Secures Contract to Deliver Onshore Charging Stations for Norled Ferries in Northern Norway
Artemis Technologies to Supply Electric Hydrofoiling Pilot Boat for Noatum Maritime Operations in UAE
Celestyal Discovery becomes first ship in Greece to use biofuel for sustainable cruising