KUALA LUMPUR: Reservoir Link Energy Bhd
's 60%-owned subsidiary Reservoir Link Solutions Sdn Bhd has entered into a memorandum of understanding (MoU) with Ad Terra Asia Sdn Bhd to cooperate in the geological storage of carbon for carbon capture, utilisation and storage (CCUS) and subsurface, geology and geophysical
studies in Malaysia.
Ad Terra Asia is a wholly-owned subsidiary of Ad Terra Consultancy SA, which provides technical, commercial and regulatory support to the energy sector internationally since 2010.
"The MoU is not expected to have any material effect on the earnings of the company and its subsidiaries for the financial year ending June 30, 2025, but is expected to contribute
positively to the earnings of the Company should the company enter into any definitive agreement arising from the MoU," said Reservoir Link Energy.
