PETRONAS, through its subsidiary PETRONAS CCS Solutions Sdn Bhd (PCCSS), has signed a land lease agreement with Kuantan Port Consortium Sdn Bhd (Kuantan Port) to advance plans for its southern carbon capture and storage (CCS) facility in Pahang, Malaysia.
The centre is expected to make its first injection in 2029 and will play a key role in reducing carbon emissions from hard-to-dispose industries locally and internationally. The centre’s location is ideal for an integrated CCS value chain and future growth, and is expected to create new economic opportunities and benefits for the surrounding communities.
“As Malaysia moves 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, chemicals, cement, power generation and petrochemicals in Pahang. This hub, with its abundant storage capacity, also serves to connect all industrial zones in West Peninsular Malaysia and Asia-Pacific that are embarking on decarbonisation,” said Nora’in Md Salleh, CEO of PCCSS.
PETRONAS and the Government of Sarawak celebrate the success of Sarawak vendors
“Ultimately, this project signifies our firm commitment to Malaysia in implementing the National Energy Transition Roadmap (NETR),” he added.
Furthermore, this strategic move enables the transfer of expertise between PETRONAS and Kuantan Port, which has a strong track record in handling various types of cargo, fostering regional trade growth and implementing modern logistics solutions.
The centre is expected to make its first injection in 2029 and will play a key role in reducing carbon emissions from hard-to-dispose industries locally and internationally.
PETRONAS is advancing CCS as a key solution to address emissions from its operations and other industries in the Asia-Pacific region. PETRONAS continues to form strategic partnerships as part of its deliberate steps in building a resilient and sustainable portfolio, while accelerating its NZCE 2050 engagement pathway.
Source: https://reporteasia.com/negocios/energia/2024/07/24/petronas-adquiere-terrenos-centro-captura-almacenamiento-carbono-malasia-peninsular/