PETRONAS Propels Malaysia Towards Carbon Storage Hub Future
Key Ideas
- PETRONAS is leading a multi-project Carbon Capture and Storage roadmap in Malaysia to drive decarbonisation and green industrial development.
- The plan includes collaboration with global partners, infrastructure development, and a focus on attracting low-carbon industries like blue hydrogen and blue ammonia to Malaysia.
- Malaysia's CCS strategy extends to cross-border carbon shipping to support regional economies in meeting climate targets, with a significant investment in CCS infrastructure.
- The country is also working on establishing a robust regulatory framework for Carbon Capture, Utilisation and Storage, with a focus on long-term sustainability and international cooperation.
PETRONAS is accelerating Malaysia's goal to become a regional carbon storage hub by unveiling a comprehensive Carbon Capture and Storage (CCS) plan. The company's Senior General Manager highlighted the importance of not only reducing emissions but also enhancing Malaysia's industrial competitiveness through the development of low-carbon industries like blue hydrogen and blue ammonia. The flagship project, Kasawari CCS, along with other storage sites and infrastructure developments, aims to enable decarbonisation across the Malaysian economy. Malaysia's CCS strategy involves international cooperation with countries like Japan, South Korea, and Singapore, and the development of a legal framework to regulate carbon storage activities. By 2030, PETRONAS aims to achieve 80 million tonnes of annual CO₂ storage capacity, positioning Malaysia as a key player in the low-carbon industrial sector. The early investments in CCS not only align with global climate goals but also offer a competitive advantage in green trade and industrial transformation.
Topics
Blue Hydrogen
Decarbonisation
Green Economy
Industrial Development
Regulatory Framework
Carbon Storage
Regional Cooperation
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