KUALA LUMPUR, June 27 (Bernama) — PETRONAS yesterday signed a Development Agreement with TotalEnergies Carbon Neutrality Ventures (TotalEnergies) and Mitsui & Co. Ltd. (Mitsui) to jointly pursue a Carbon Capture and Storage (CCS) project in Malaysia.
The scope of the agreement covers all aspects of CCS development from evaluating maturing depleted field and saline aquifers for storage, to identifying potential customers and establishing the necessary commercial and legal frameworks. This partnership also paves the way for the first of its kind integrated CCS solution for industries in the Asia Pacific region.
