Petronas has set a net-zero target for 2050
Petronas works with Japex on CCS development
Agreement is latest in series of CCS collaborations set up by Malaysian state oil and gas company in recent months
Malaysian state-owned Petronas is to collaborate with Japanese oil and gas explorer Japex on carbon capture and storage (CCS) opportunities, including suitable CO₂ storage solutions in Malaysia. The companies have signed a memorandum of understanding that will see them work together on a technical study that will include the capture and transport of CO₂ from the Petronas LNG complex in Bintulu as well as from outside Malaysia as a “future possibility”. “This collaboration allows Petronas to leverage Japex’s experience in the Tomakomai CCS demonstration project, Japan’s first full-chain CCS project, conducted by Japan CCS Co.,” says Petronas CEO Adif Zulkifli. Petronas says it aspires to r
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