A Petronas subsidiary and three Japanese firms have signed a Storage Site Agreement (SSA) as they look to unlock carbon capture and storage (CCS) opportunities in Sarawak.
PETRONAS CCS Ventures Sdn Bhd , a wholly-owned subsidiary of PETRONAS has signed a Term Sheet with Mitsui O.S.K Lines, Ltd. and MISC Berhad for the potential incorporation of a joint venture entity.
Storegga, the independent developer of carbon storage and clean fuels, and PETRONAS, the national oil and gas company of Malaysia, have signed a memorandum of understanding (MOU) to assess and determine the commercial, regulatory, and economic factors required for the development of carbon capture and storage (CCS) hub and cluster projects in Malaysia and potentially beyond.