Petronas and Vopak cooperate on CCS
Malaysian oil and gas company and Dutch storage firm to focus on potential projects in Singapore
Malaysian NOC Petronas and Dutch oil and gas storage company Vopak have agreed to work together on the development of carbon capture and storage (CCS) infrastructure in Southeast Asia. Under a memorandum of understanding signed this week, the two companies agreed to focus initially on industrial projects in Singapore. Potential developments will include transporting CO₂ from a Vopak terminal for injection into regional storage hubs developed by Petronas. The aggregation of CO₂ emissions from various emitters in Southeast Asia is also part of a feasibility study to be undertaken by the firms. “Both companies have the intention to invest in the development of CCS value chain solutions,” Vopak
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