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.
PCCSS chief executive officer Nora’in Md Salleh said the establishment of a CCS hub is timely to provide a decarbonisation solution to industries such as steel, chemical, cement, power generation and petrochemical in Pahang.
"This hub, with its abundant storage capacity, also serves to connect all the industrial areas in the west of Peninsular Malaysia and the Asia Pacific that are embarking on decarbonisation.
"Ultimately, this project signifies our strong commitment to Malaysia in rolling-out the implementation of National Energy Transition Roadmap (NETR),” she said.
Petronas highlighted that the strategic move enables knowledge transfer between the company and Kuantan Port, which has a strong track record in handling diverse cargo types, fostering regional trade growth, and implementing modern logistics solutions.
It would also continue to form strategic collaborations as part of its efforts in building a resilient and sustainable portfolio while accelerating its Net Zero Carbon Emission (NZCE) 2050 commitment journey. - Bernama
