Tuesday saw the signing of a Joint Study and Development Agreement (JSDA) by Adnoc, Petronas, and Storegga to assess the capacity of saline aquifers to store carbon dioxide (CO2) emissions and to build carbon capture and storage (CCS) facilities in the Penyu basin, off the coast of Peninsular Malaysia.
The agreement’s scope includes a study on CO2 shipping and logistics, geophysical and geomechanical modelling, reservoir simulation, and containment research, with the goal of achieving at least 5 million tonnes per annum (mtpa) of CO2 capture and storage capacity by 2030. It also explores the application of advanced technologies, such as artificial intelligence (AI), to improve storage capacity.
“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,” stated Nora’in Md Salleh, Chief Executive Officer of Petronas CCS Solutions Sdn. Bhd. (PCCSS).
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, is aligned with this strategic partnership.” This further exemplifies our sincerity in determining the appropriate speed for delivering CCS hubs here and meeting the national climate target.
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