Page 11 - AsiaElec Week 46 2021

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Petronas signs raft of

CCUS agreements

MALAYSIA MALAYSIA’S state-owned Petronas has signed These include Petronas’ rotating pack bed
a number of agreements this month with inter- assisted cryogenic carbon dioxide (CO2) recov-
national partners that focus on developing car- ery technology (CryoMin) as well as mem-
bon capture, utilisation and storage (CCUS) brane-based CO2 recovery technology (PN2),
technology. the state company said on November 15. The
Petronas has signed a memorandum of companies will also work on developing associ-
understanding (MoU) with Baker Hughes to ated services and equipment.
collaborate on “technological developments sup- Petronas’ senior vice president of project
porting energy transition”, among other things, delivery and technology, Bacho Pilong, said Pet-
the state major announced on November 16. ronas had identified CCUS technologies as key
The energy developer said the collabora- to helping the company achieve its goal of reach-
tion would help it to advance its interests in ing net zero emissions by 2050.
the CCUS space as well as in hydrogen, digital The agreements with Baker Hughes and
solutions, as well as sustainability and emissions Technip Energies come after Petronas signed an
management. MoU with US super-major ExxonMobil earlier
The companies agreed to combine their this month to evaluate how CCUS might be used
expertise to “optimise sustainable delivery of to help decarbonise upstream operations.
energy offerings while leveraging on technology Under the terms of the MoU, which was
and digitalisation”. The agreement was signed at signed on November 3, both companies will
the Abu Dhabi International Petroleum Exhibi- assess the viability of potential CCS projects in
tion & Conference (ADIPEC) on November 13. selected locations offshore Peninsular Malaysia
Petronas president and CEO Tengku and identify suitable technologies.
Muhammad Taufik said: “At Petronas, we are Petronas and ExxonMobil will also share
committed to take a holistic approach in sus- subsurface technical data to enable CO2 storage
tainability, and leverage on innovation to pursue assessment and characterisation. Relevant data
our sustainability agenda … The MoU maps out related to pipelines, facilities and wells will also
a spectrum of initiatives that support these lenses be shared to evaluate the potential re-utilisation
with a view to ultimately enable [the delivery of] of existing infrastructure for transport and stor-
sustainable energy offerings, while leveraging on age in selected locations.
technology and digitalisation.” The state company is currently developing,
The Malaysian major has also signed a heads testing and piloting a suite of technologies at its
of agreement (HOA) with Technip Energies to first offshore CCS project that is slated to begin
develop and commercialise CCUS technologies. injecting CO2 in 2025.™

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