Petronas, through its subsidiary Petronas CCS Solutions (PCCSS), has signed a land rental agreement with Kuantan Port Consortium to progress plans for its Southern Carbon Capture and Storage (CCS) hub in Pahang, Malaysia.
The hub, expected to have its first injection by 2029, will play a key role in reducing carbon emissions for hard-to-abate industries locally and internationally.
The location of the hub is “ideal” for an integrated CCS value chain and future growth, according to Petronas, and is expected to create new economic opportunities and benefits for surrounding communities.
Nora’in Md Salleh, PCCSS CEO, said, “As Malaysia rallies towards energy transition and Net Zero carbon emissions, the establishment of a CCS hub is timely to provide a decarbonisation solution to industries such as steel, chemical, cement, power generation and petrochemical in Pahang.”
“This hub, with its abundant storage capacity, also serves to connect all the industrial areas in the west of Peninsular Malaysia and the Asia Pacific that are embarking on decarbonisation.”
The project signifies it strong commitment to Malaysia in rolling-out the implementation of National Energy Transition Roadmap (NETR), she added.
The tie-up boost knowledge sharing between Petronas and Kuantan Port, which has a strong track record in handling diverse cargo types, fostering regional trade growth, and implementing modern logistics solutions.
CCUS is firmly in Petronas’ sights, with the firm reaching FID on the Kasawari gas field two years ago. The vast project, with capacity of up to 3.3 million tonnes of CO2 per year, is among the largest globally and aims to start next year.
source: gasworld
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