Petronas collaborates with MOL on liquefied CO2 transportation
Liquefied CO2 transportation safely and efficiently connects CCUS sites over long distances where pipelines are not economically viable.
PETRONAS has signed a Memorandum of Understanding (MoU) with leading global shipping company Mitsui O.S.K. Lines, Ltd. (MOL) to jointly explore opportunities in liquefied carbon dioxide (CO2) transportation for the carbon capture, utilisation and storage (CCUS) value chain in Asia Pacific and Oceania regions.
The MoU was signed in a virtual ceremony on 7 February by PETRONAS Executive Vice President and Chief Executive Officer of Upstream, Adif Zulkifli and MOL President and Chief Executive Officer Takeshi Hashimoto.
Adif said:
“PETRONAS continuously explores opportunities to reduce carbon emissions in our operations. This collaboration is important as long haul liquefied CO2 transportation plays an essential role in the CCUS value chain.”
During the MoU signing, PETRONAS was represented by Executive Vice President and Chief Executive Officer of Upstream, Adif Zulkifli and Head of CCS Enterprise, Nora’in Md Salleh while Mitsui O.S.K Lines was represented by President, Chief Executive Officer, Takeshi Hashimoto.
