PETALING JAYA: Bumi Armada Bhd
’s proposed venture to explore liquid carbon dioxide (CO2) storage and liquid CO2 carriers is seen as a positive development and is expected to incur lower capital expenditure (capex) requirements compared to its liquefied natural gas (LNG) projects.
On Wednesday, the oil and gas support services provider’s joint venture (JV) firm Bluestreak CO2 Ltd partnered with Dusseldorf-based Uniper (UK) Ltd to explore the implementation of jetty-moored floating liquid CO2 storage facilities and liquid CO2 carrier solutions.
