Ranhill Utilities unit bags RM50mil contract from MMHE

KUALA LUMPUR: Ranhill Utilities Bhd has announced that 51 per cent owned subsidiary Ranhill Worley Sdn Bhd, through its 49 per cent owned associate Perunding Ranhill Worley Sdn Bhd, has bagged a RM50 million contract from Malaysia Marine and Heavy Engineering Sdn Bhd.

In a filing with Bursa Malaysia today, the company said the contract, to be completed by the fourth quarter of 2023, involves performing detailed engineering design for the Kasawari Carbon Capture & Storage (CCS) project.

Kasawari CCS, located offshore Sarawak, is the world’s largest offshore CCS project, capturing over three million tonnes per annum of carbon dioxide (CO2) which will be transported by a 138km pipeline and injected into a depleted offshore gas reservoir.

Ranhill Worley’s scope includes the CO2 technology specification, evaluation and selection, along with design and engineering development for the platform, jacket, bridge, and pipeline. - Bernama

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Global shares slide as interest-rate risk rises and geopolitics heat up
US CBP's modification of forced labour finding on SDP is credit positive: Moody’s
Thai baht faces worst day in 23 years as strong dollar pressures Asia FX
Dell to cut about 6,650 jobs, battered by plunging PC sales
Indonesia to suspend some palm oil export permits - officials
Oil prices edge higher as IEA's Birol talks up China demand outlook
Indonesia 2022 GDP growth races to 9-year high on resource boom
Foreign investors' latest targets in China
Asia shares skid, dollar gains as yields spike
CIMB cautious on net interest margin for this year

Others Also Read