We use cookies
To help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Petronas and DNV in Southeast Asia carbon capture drive

GO NET ZERO ENERGY

Petronas and DNV in Southeast Asia carbon capture drive

Malaysia’s national energy company Petronas and independent risk management and assurance company DNV are teaming up on carbon capture, utilisation and storage (CCUS) initiatives. - UpstreamOnline

The duo will address the technical, regulatory and business challenges of CCUS deployment, particularly in the Southeast Asian region, by bringing together both organisations' technical skills, resources and research capabilities.

In a memorandum of understanding agreement signed this month, DNV and Petronas will collaborate on technical issues including safety, environment, risk, technology, the qualification of storage sites, legislation and regulation, capability development and commercial areas.

DNV, which has over 20 years experience in CCUS, has been involved in research on key factors including geological storage, pipeline reuse and the shipment of carbon dioxide and has also published recommended practices covering the full CCUS value chain.

CCUS will play a crucial role in Asia’s energy transition. Through this initiative we aim to address a number of areas fundamental to the establishment of regional hubs and thereby enable greater access to CCUS infrastructure.

Jamie Burrows, head of business development CCUS, energy systems at DNV

DNV’s Energy Transition Outlook 2021 reports on fossil fuels remaining a primary energy source for Southeast Asia, accounting for 75% of total demand in 2030 and 43% in 2050, despite strong growth in renewables.

“Under this scenario, carbon capture and removal will be critical because the emissions generated by fossil fuel use in hard to abate industrial applications will need to be addressed. In order to transition to clean energy, we need more tools beyond renewable energy and this tool kit must include CCUS. Implementing CCUS at scale will require navigating technology, business, regulations and policy which is why we believe this collaboration will be important for deployment in the region.

But Brice Le Gallo, vice president and regional director Asia-Pacific energy systems at DNV

Relevant news

GO DIGITAL ENERGY
JGC Corporation to conduct a study to reduce emissions for Petronas
JGC Corporation, has been selected by the Japan Organization for Metals and Energy Security to conduct a study on the development of techniques and methods to control and reduce methane and other GHG emissions at offshore production facilities of Petronas
GO NET ZERO ENERGY
SLB announces agreement to acquire majority ownership in Aker Carbon Capture
SLB and Aker Carbon Capture will combine technology portfolios, expertise and operations platforms to bring carbon capture solutions.
GO CIRCULAR
PCG to construct Asia’s largest advanced chemical recycling plant
PETRONAS has reached the final investment decision to construct largest advanced chemical recycling plant in Asia.
GO NET ZERO ENERGY
SLB and TDA Research to develop sorbent carbon capture technologies for industrial sectors
SLB and TDA Research announced an exclusive agreement to co-develop and scale up emerging sorbent technologies.
GO NET ZERO ENERGY
Fluor and Carbfix collaborate to address carbon capture and storage solutions for hard-to-abate sectors
Fluor and Carbfix, look to minimize the impacts of climate change by helping to decarbonize hard-to-abate industries.
GO NET ZERO ENERGY
TotalEnergies signs carbon capture and renewables deals with Petronas
TotalEnergies has signed deals with Petronas to develop carbon capture in depleted fields in Malaysia.