ADNOC, PETRONAS, and Storegga have joined forces to explore the potential of carbon capture and storage (CCS) in Malaysia. The three companies signed a Joint Study and Development Agreement (JSDA) to evaluate the feasibility of storing carbon dioxide (CO2) emissions in saline aquifers located in the Penyu basin, offshore Peninsular Malaysia. This project aims to establish a CCS hub capable of capturing and storing at least 5 million tons of CO2 annually by 2030.
Additionally, the agreement encompasses a comprehensive range of activities, including analyzing the efficient transport of captured CO2 to the storage site, mapping the subsurface geology and understanding the behavior of the saline aquifers, simulating CO2 injection and ensuring its long-term safe storage, and investigating the use of artificial intelligence (AI) to optimize storage capacity.
A comprehensive approach to CCS
PETRONAS, a key player in Malaysia’s energy transition, is a member of the National Energy Transition Roadmap (NETR) Committee. The NETR has identified CCS as a critical lever for achieving a sustainable, low-carbon future for Malaysia. The Malaysian Government is committed to supporting CCS development and is expected to introduce a dedicated CCUS bill by the end of 2024.
Leveraging global expertise
Storegga, a prominent firm in the CCS field, brings invaluable expertise to the partnership. Their early adoption of CCS technology has established them as a global leader in this sector.
Moreover, Malaysia’s abundant deep saline aquifers offer a promising opportunity for large-scale, permanent CO2 storage. This collaboration is poised to accelerate the deployment of CCS in the region and strengthen ties between the strategic partners. The success of this initiative will pave the way for a regional CCS hub, serving both domestic and international emitters. The JSDA activities are scheduled to commence later this year.
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