Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC), PETRONAS, and Storegga penned a joint study and development agreement (JSDA), according to a press release.
The deal aims to evaluate the CO2 emissions storage capabilities of saline aquifers and the construction of carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia.
The agreement is targeting at least 5 million tonnes per annum (mtpa) of CO2 capture and storage capacity by 2030 to enhance storage capacity.
Nora’in Md Salleh, PETRONAS CCS Solutions Sdn. Bhd. (PCCSS)’s CEO said: “This agreement with ADNOC and Storegga will potentially allow us to build our capability to develop and de-risk saline aquifers as carbon dioxide storage sites by leveraging on our partners’ expertise and experience in other regions.
“This strategic partnership aligns with PETRONAS’ overarching goal of establishing Malaysia as a regional CCS hub to serve Asia Pacific where it may build up the storage capacity through saline aquifers,” the CEO added.
She noted: “This also demonstrates our earnestness in establishing the right pace to deliver CCS hubs here while also contributing to the national climate target.”
PETRONAS is a member of Malaysia’s National Energy Transition Roadmap (NETR) committee, which has identified CCS as one of six energy transition levers to enable the country to be sustainable, low-carbon and resilient.
Hanan Balalaa, ADNOC Senior Vice President for New Energies, commented: “Carbon capture is an important tool to responsibly reduce carbon emissions and ADNOC will continue to develop this technology as we work towards our Net Zero by 2045 goal.”
Meanwhile, ADNOC is targeting a carbon capture capacity of 10 mtpa by 2030, which is the equivalent of emissions to those released by 2 million internal combustion vehicles.
