Kelington Group Bhd CEO Raymond Gan
PETALING JAYA: Kelington Group Bhd
has signed a memorandum of understanding (MoU) with PETRONAS CCS Solutions Sdn Bhd to explore carbon capture technologies.
In a statement, the integrated engineering solutions provider said the MoU will explore joint value propositions through a feasibility study leveraging Kelington subsidiary Ace Gases Marketing Sdn Bhd’s expertise in carbon dioxide logistics and facility operations.
“This MoU will be valid for one year, with an option to extend for an additional year, subject to mutual agreement.
“The collaboration will focus on identifying potential synergies and opportunities in managing carbon emissions. The study will encompass the evaluation of technologies, facilities, feasibility, commercial aspects, funding opportunities, and relevant industries.”
Upon completion, Kelington said it is anticipated that the study will provide a comprehensive assessment of the commercial and technical viability of developing joint value propositions in relation to the transport of carbon emissions.
“The findings may pave the way for potential future projects and collaborations between both parties, contributing to sustainable and innovative solutions for carbon management.
“The collaboration comes at a time when Malaysia’s annual carbon dioxide emissions from fossil fuel and industrial activities reached 288.82 million tonnes in 2023. This feasibility study marks a critical step toward developing a national carbon capture scheme.”
If successfully implemented, Kelington said it will provide carbon dioxide emitters with viable pathways to sequester carbon emissions, directly supporting Malaysia’s Paris Agreement commitment to reduce carbon intensity by 45% by 2030 and achieve net-zero emissions by 2050.
Kelington chief executive officer Raymond Gan said the transition to a low-carbon economy is not just a responsibility but also an opportunity for innovation and growth.
“As we confront the urgent challenges posed by climate change, technologies like carbon capture and storage have emerged as a vital solution for reducing greenhouse gas emissions.
“By leveraging Kelington’s established capabilities in industrial gas processing and engineering services with PETRONAS CCS Solutions' industry-leading insights and resources, we are well-positioned to develop effective and scalable carbon capture solutions. These solutions can significantly mitigate emissions and offer transformative potential across industries,” he said.
