Storegga and Petronas Partner on CCUS
Dr Nick Cooper, CEO at Storegga, said:
“CCS is a vital tool. A reverse carbon cycle at scale is urgently needed to reduce and remove CO2 from the atmosphere. We are looking forward to working with PETRONAS in Malaysia and beyond to catalyse CCS hubs and clusters. These hubs will accelerate the development of important carbon reversal technologies such as direct air capture. We have one atmosphere – it is vital that countries around the world work together to reduce and remove CO2. We are excited that this relationship also expands Storegga’s global presence and utilises our capabilities to support Asia’s progress towards decarbonisation.”
Emry Hisham Yusoff, Head of Carbon Management at Petronas, said:
“The collaboration undertaken through this MOU will look into the commerciality and other associated environments to enable the CCS value chain in Malaysia and/or regionally, bringing Petronas closer towards establishing Malaysia as a leading and attractive regional CCS solutions hub.
This collaboration is part of Petronas’ deliberate steps to build a sustainable portfolio with innovative solutions to produce energy responsibly, supporting the transition to a lower carbon future through collaborative efforts with industry partners.”