Motorists queue to fill pure fuel at a Petronas station with its landmark Petronas Twin Towers headquarters within the background, in Kuala Lumpur February 4, 2012. REUTERS/Bazuki Muhammad
KUALA LUMPUR, Jan 11 (Reuters) – Malaysia’s state oil agency Petroliam Nasional Berhad (Petronas) [RIC:RIC:PETR.UL] on Tuesday signed an settlement with a subsidiary of Royal Dutch Shell to collaborate on carbon seize and storage (CCS) within the Southeast Asian nation and the area.
Underneath the Joint Examine and Collaboration Settlement, Petronas and Sarawak Shell Berhad will carry out an built-in CCS Space Growth Plan research inside a number of places offshore Sarawak, Petronas mentioned in an announcement.
“This is without doubt one of the many efforts to place and set up Malaysia as a number one CCS options hub within the area,” mentioned Adif Zulkifli, Petronas’ Govt Vice President and Chief Govt Officer of Upstream.
Petronas mentioned the scope of the settlement contains exploring the availability of decarbonisation service to Shell’s native and cross-border services, in addition to to different potential regional clients.
Petronas final 12 months signed a memorandum of understanding (MoU) with ExxonMobil Exploration and Manufacturing Malaysia Inc., and one other with POSCO Worldwide Company and POSCO Engineering & Development Co. Ltd to discover alternatives in CCS applied sciences.
Reporting by Mei Mei Chu;
Enhancing by Ed Davies
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