PETRONAS and Technip Energies signed a heads of agreement (HoA) establishing a collaboration framework for the further development and commercialization of carbon capture technologies.
These include PETRONAS’ Rotating Pack Bed assisted cryogenic CO2 recovery technology (CryoMin), and membrane-based CO2 recovery technology (PN2).
Earlier this month, PETRONAS signed a Memorandum of Understanding (MoU) with ExxonMobil Exploration and Production Malaysia Inc. to explore opportunities in carbon capture and storage (CCS) technologies to help decarbonize Malaysia’s upstream industry and provide CO2 storage solutions for the region.
Under the terms of the ExxonMobil MoU, the parties will assess the viability of potential CCS projects offshore Peninsular Malaysia and identify suitable technology for potential application. The companies will also share subsurface technical data to enable CO2 storage assessment and characterization. Relevant data related to pipelines, facilities and wells will also be shared to evaluate potential reutilization of existing infrastructure for transport and storage in selected locations.