Petronas, TotalEnergies, Mitsui partner on CO2 storage hub off Peninsular Malaysia

Petronas CCS Ventures, TotalEnergies, and Mitsui have agreed to jointly develop a CO2 storage area offshore Peninsular Malaysia, advancing regional carbon capture and storage capacity. The deal signals growing cross-border investment in CCS infrastructure in Southeast Asia, though project scale and timeline remain unspecified. This matters as it could position Malaysia as a regional CCS hub and support decarbonization of hard-to-abate industries.

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