The collaboration is one of Petronas’ moves to build a sustainable portfolio with innovative solutions in producing energy responsibly

by AUFA MARDHIAH / pic MUHD AMIN NAHARUL

PETROLIAM Nasional Bhd (Petronas) and six South Korean companies will carry out conceptual and feasibility studies towards creating a full value chain related to (capture, transport and storage) carbon dioxide (CO2).

The collaboration is one of Petronas’ moves to build a sustainable portfolio with innovative solutions in producing energy responsibly, as well as supporting the transition to a lower carbon future through collaborative efforts with industry partners.

The six companies are Samsung Engineering Co Ltd, Samsung Heavy Industries Co Ltd, SK Earthon Co Ltd, SK Energy Co Ltd, GS Energy Corp and Lotte Chemical Corp.

The memorandum of understanding (MoU) was signed by Petronas carbon management head Emry Hisham; Samsung solution business division engineering executive VP Cheonhong Park; SK Energy Executive VP, Energy Net Zero Office Jeongeui Hong; SK Earthon Technical Centre Executive VP Youngju Han; Samsung Heavy Industry VP, global business team Jinmo Kim; GS Energy VP, hydrogen and new business division Paul Sunghoon Lee; and Lotte Chemical VP, environment management division In-Chol Park.

The ceremony was witnessed by Petronas executive VP and CEO of upstream Datuk Adif Zulkifli.

Emry said the MoU will also see the assessment of potential CO2 storage sites in Malaysia, as well as the exploration of other areas across the carbon capture and storage (CCS) value chain which includes the strengthening of transboundary CO2 transport.

“The feasibility studies undertaken through this collaboration will identify suitable technologies for the CCS and transportation value chain, bringing Petronas closer towards establishing Malaysia as a leading regional CCS solutions hub,” he said in a statement today.