PETRONAS' unit inks land rental deal for Pahang CCS hub

A sign for a Petroliam Nasional Bhd (Petronas) gas station stands near the Petronas KLCC Twin Towers in Kuala Lumpur, Malaysia. - Goh Seng Chong/Bloomberg

KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) subsidiary, Petronas CCS Solutions Sdn Bhd (PCCSS) has inked a land rental agreement with Kuantan Port Consortium Sdn Bhd (Kuantan Port) to accelerate plans for its southern Carbon Capture and Storage (CCS) hub in Pahang.

In a statement today, the national oil company said the hub is expected to have its first injection by 2029 and would play a key role in reducing carbon emissions for hard-to-abate industries locally and internationally.