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 would 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. It 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, the study would 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.
“It comes at a time when Malaysia’s annual carbon dioxide emissions from fossil fuel and industrial activities reached 288.82 million tonnes in 2023. The feasibility study marks a critical step toward developing a national carbon capture scheme,” it added.
Kelington will provide carbon dioxide emitters with viable pathways to sequester carbon emissions to support Malaysia’s Paris Agreement commitments.
