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    ExxonMobil to study CCS with Malaysia's Petronas

Summary

This is the ninth MoU that the US major has signed on CCS since establishing its low carbon solutions business in March.

by: Joseph Murphy

Posted in:

Complimentary, Natural Gas & LNG News, Asia/Oceania, Energy Transition, Carbon, Infrastructure, Carbon Capture and Storage (CCS), News By Country, Malaysia

ExxonMobil to study CCS with Malaysia's Petronas

ExxonMobil has signed a memorandum of understanding (MoU) with Malaysia's state-owned Petronas on exploring the potential for carbon capture and storage (CCS) in the southeast Asian country, the US major reported on November 8.

The pair will consider potential CCS sites offshore Peninsula Malaysia, sharing technical and infrastructure data for pipelines, facilities and wells.

The MoU comes a week after ExxonMobil signed a similar preliminary agreement to identify CCS opportunities in Indonesia with state-owned Pertamina.

"ExxonMobil continues to explore opportunities in southeast Asia for large-scale carbon capture and storage projects that have the potential to make the greatest impact in the highest-emitting sectors," the US major's president for low carbon solutions, Joe Blommaert, commented. "With joint collaboration and well-designed policies, we can use our capabilities to develop projects that progress reliable, safe and ready-to-deploy technologies at scale that could significantly reduce emissions through Malaysia."

All told, this marks the ninth MoU that ExxonMobil has signed on CCS since establishing its low carbon solutions business in March. It is looking at other CCS opportunities in Texas, Wyoming, Canada, the UK, France, and Russia, in addition to previously announced projects in Qatar, Belgium, the Netherlands and Australia.