Petronas has joined forced with Sarawak Shell Behad (Shell) to explore carbon capture and storage (CCS) collaboration opportunities in Malaysia and the wider southeast Asia region.
Formalised on Tuesday (Jan 11th) with a joint study and collaboration agreement (JSCA), the effort will see the duo deliver an integrated CCS area development plan to deliver on decarbonisation ambitions.
Once complete, the study will help assess potential areas for collaboration.
Adif Zulkifli, Executive Vice-President and CEO of Upstream at Petronas, said, “Petronas has a long-standing partnership with Shell.”
“We are confident that this latest collaboration will inspire more innovation towards managing carbon emissions and advancing our shared ambition of delivering energy solutions in a responsible and sustainable manner.”
He continued, “This collaboration underscores Petronas’ continuous efforts to explore partnership opportunities in CCS. We will continue this trajectory to unlock opportunities which could potentially help reduce emissions and achieve our net zero carbon emissions aspirations.”
Petronas’ collaboration with Shell builds on its previously inked deal with ExxonMobil Exploration and Production Malaysia to explore opportunities CCS technologies in the same geography.