Vopak and Petronas Sign an MOU to Explore Opportunities in Ccs Solutions

Vopak and Petroliam Nasional Berhad (PETRONAS) signed a Memorandum of Understanding that focuses on the development of CCS as well as the neighboring downstream value chain in Southeast Asia.

Malaysian state oil company, Petroliam Nasional Berhad (Petronas), has reached a Memorandum of Understanding (MoU) to collaborate with leading global CO2 sustainable solutions provider SUEZ Group on the development of carbon capture and storage (CCS) technology in the Southeast Asia region. The two companies have ambitious plans for the further development of CCS value chain solutions around the world, which will both invest in this effort.

When asked about this project with PETRONAS, Chris Robblee – President Vopak Asia & Middle East said: “We are excited about this endeavor. This is well aligned with our commitment to support the energy transition through infrastructure development for sustainable energy solutions and the decarbonization of the industry.”

It’s no secret that both companies share a vision for a low-carbon future, and we’re excited to work together with them to make it happen.

Some of the signatories to the MoU were Marina Surzhenko, Vopak Commercial, Business Development Director and Energy Transition Director Emry Hisham, PETRONAS Head of Carbon Management.

Carbon capture and storage is one of the latest topics you might want to include in your marketing strategy.

It’s important to remember that without CO2 capture and storage, there would be no way to mitigate the effects of climate change. Without captured CO2, it would be impossible for countries and regions in need to reduce their own CO2 emissions or for nations across the globe. There is global interest in CO2 Capture and Storage because this plays a crucial role in mitigating climate change, not just on a local level but all over the world.