Malaysia’s Petroliam Nasional Bhd (Petronas) has secured land to progress its Southern Carbon Seize and Storage (CCS) hub venture in Pahang.
The corporate has secured the land by way of a rental settlement between its unit Petronas CCS Options Sdn Bhd (PCCSS) and Kuantan Port Consortium Sdn Bhd, it stated in a press launch.
The primary injection on the hub is anticipated to happen by 2029. The corporate stated the venture will play a key function in decreasing carbon emissions for hard-to-abate industries, each domestically and internationally.
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The hub’s location fits an built-in CCS worth chain and future progress, it stated.
“As Malaysia rallies in the direction of vitality transition and web zero carbon emissions, the institution of a CCS hub is well timed to supply a decarbonization resolution to industries equivalent to metal, chemical, cement, energy technology and petrochemical in Pahang. This hub, with its considerable storage capability, additionally serves to attach all the commercial areas within the west of Peninsular Malaysia and the Asia Pacific which can be embarking on decarbonization”, PCCSS Chief Govt Officer Nora’in Md Salleh stated.
“Finally, this venture signifies our sturdy dedication to Malaysia in rolling out the implementation of the Nationwide Vitality Transition Roadmap”, she added.
In the meantime, the land settlement additionally permits information switch between Petronas and Kuantan Port, which is concerned in dealing with various cargo sorts and implementing fashionable logistics options.
Petronas stated it’s advancing CCS as a key resolution to deal with emissions from its operations and different industries inside the Asia Pacific. Forming strategic partnerships is Petronas’ technique for constructing a resilient and sustainable portfolio whereas accelerating its NZCE 2050 dedication pathway.
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