Petronas, 6 South Korean companies to conduct CO2 study

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


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.


Recent Posts

TNB forms partnership with GDS for data centre power supply

Tenaga Nasional Bhd (TNB) will provide high voltage electricity supply to GDS IDC Services (Malaysia)…

6 hours ago

Twitter offers new equity grants to employees, WSJ reports

Twitter Inc. is offering new equity grants to staff that will start to vest after…

7 hours ago

Taiwan, Honduras to cut diplomatic ties on China recognition

Taiwan and Honduras will end diplomatic relations as the central American country said it now…

7 hours ago

Water supply in Klang, Shah Alam fully restored – Air Selangor

Water supply in 55 areas in Klang and Shah Alam that were affected following repair works…

7 hours ago

Soon Huat-Shevon storm into Swiss Open final

National professional mixed doubles pair Goh Soon Huat-Shevon Lai Jemie are left to carry Malaysia’s…

7 hours ago

Macron’s pension gambit sparks revolt, pushing France to the brink

It’s the stuff of nightmares for those who promote the new, dynamic France: Giant mounds…

8 hours ago