Petronas and Vopak cooperate on CCS
Malaysian oil and gas company and Dutch storage firm to focus on potential projects in Singapore
Malaysian NOC Petronas and Dutch oil and gas storage company Vopak have agreed to work together on the development of carbon capture and storage (CCS) infrastructure in Southeast Asia. Under a memorandum of understanding signed this week, the two companies agreed to focus initially on industrial projects in Singapore. Potential developments will include transporting CO₂ from a Vopak terminal for injection into regional storage hubs developed by Petronas. The aggregation of CO₂ emissions from various emitters in Southeast Asia is also part of a feasibility study to be undertaken by the firms. “Both companies have the intention to invest in the development of CCS value chain solutions,” Vopak

Also in this section
19 June 2025
Andean country has become a leading destination for voluntary carbon credit investment, but challenges remain
18 June 2025
Gas Processors Association Europe brings together leading specialists at annual event in Netherlands to analyse the challenges and opportunities presented by technology at heart of Europe’s decarbonisation strategy
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development