Global community dedicated carbon capture and storage
Storing CO2 emissions produced by for example the energy sector underground helps address climate change by keeping this out of our atmosphere. This storage involves injecting the CO2 captured from industrial processes into rock formations deep underground, permanently removing it from our atmosphere. Geological systems throughout the world can retain vast volumes of CO2 captured from industrial processes. In this news section you can read a selection of news on the topic of storage. If you wish to contribute and send us your press release, please do so this press-submit page.
The agreement is a part of PETRONAS’ deliberate steps to build a sustainable portfolio with innovative solutions to produce energy responsibly, supporting the transition to a lower carbon future through collaborative efforts with industry partners.
The Parties will first seek CCS business opportunities in Australia and the United States, where CCS-related legal systems are established, and then the parties will expand to explore similar opportunities worldwide, including Korea.
The scope of the MoU extends to cooperation across technologies related to hydrogen, renewables and carbon capture and storage.
The CCS project is expected to reduce carbon dioxide volume emitted via flaring by 3.3 MtCO2e annually, making it one of the largest offshore CCS projects in the world.
With its participation in Greenport Scandinavia, Wintershall Dea is now entering the Danish market with an additional CCS activity.
The move progresses both PETRONAS and Storegga’s continued efforts to combat climate change through the development of CCS and Carbon Management globally.
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