Petronas partners with ExxonMobil on CCS projects
Agreement adds to growing list of carbon-capture alliances forged by Malaysian oil and gas company
Malaysian NOC Petronas has added to its rapidly growing portfolio of joint ventures and collaboration in the CCS sector with an agreement to develop two projects in Malaysia with US oil major ExxonMobil. The agreement comes after the two companies signed a broader memorandum of understanding (MoU) in 2021 in one of Petronas’ first CCS-related collaborations. Since then, it has formed multiple alliances aimed at developing CCS, with the number of agreements signed last year alone reaching double figures. These include an agreement in November to work with Dutch oil and gas storage company Vopak on the development CCS infrastructure in Southeast Asia with an initial focus on industrial project

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