Malaysian energy company Petronas is to explore opportunities for liquefied carbon dioxide (LCO2) transport alongside shipping giant Mitsui O.S.K Lines (MOL).
Agreed via a Memorandum of Understanding (MoU) signed on 7th February in a virtual ceremony, the companies will focus on LCO2 transport as part of the carbon capture, utilisation and storage (CCUS) value chain in Asia Pacific (APAC) and Oceania regions.
Stating that the company is continuously exploring opportunities to reduce carbon emissions, Adif Zulkifli, Executive Vice President and CEO of Upstream, Petronas, added, “This collaboration is important as long haul LCO2 transportation plays an essential role in the CCUS value chain.”
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