Petronas, MOL Sign Liquefied CO2 Shipping MoU

Mei Mei Chu;
Wednesday, February 9, 2022

Malaysia's state energy firm Petronas said on Wednesday it has signed an agreement with Japanese shipping company Mitsui O.S.K Lines (MOL) to explore opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania regions.

Both parties will jointly study liquefied CO2 transportation for the carbon capture, utilization, and storage (CCUS) value chain, Petronas said in a statement.

Liquefied CO2 transportation helps connect CCUS sites safely and efficiently over long distances where pipelines are not economically viable.

"This collaboration is important as long-haul liquefied CO2 transportation plays an essential role in the CCUS value chain," said Petronas Executive Vice-President and Chief Executive Officer of Upstream Adif Zulkifli.

MOL and Norwegian ship management company Larvik Shipping AS, which operates liquefied CO2 vessels for food-grade CO2, will contribute their expertise to the study, Petronas said.

(Reporting by Mei Mei Chu; Editing by Sherry Jacob-Phillips)


©Petronas

Categories: Energy Vessels Activity CO2 Decarbonization Carbon Capture

Current News

Jadestone Shutting Down Montara FPSO Output to Fix Tank Issues

Nigeria's NNPC Renews Oil Contracts to Produce 10 Bln Barrels

Repair to Oil Pipe that Shut U.S. Offshore Output Due by End of Day

Sapura Energy Wraps Sale of Sapura 3000 Pipelayer

Subscribe for OE Digital E‑News