Petronas, South Korean companies exploring CCS opportunities

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Petronas has signed a memorandum of understanding (MoU) with six South Korean companies to undertake conceptual and feasibility studies towards establishing a full value chain related to carbon dioxide (Co2) capture, transport and storage.

The six companies are Samsung Engineering Co Ltd; Samsung Heavy Industries; SK Earthon Co Ltd; SK Energy Co Ltd; GS Energy Corporation and Lotte Chemical Co.

Petronas said the MoU also involves the evaluation of potential Co2 storage sites in Malaysia and exploration of other areas across the carbon capture and storage (CCS) value chain, including the strengthening of cross-border CO2 transportation.