PETRONAS to Explore Oil and Gas CSS with Carbon Clean
PETRONAS subsidiary PETRONAS CCS Solutions Sdn Bhd has signed a Memorandum of Understanding (MOU) with Carbon Clean.
The companies aim to collaborate and evaluate carbon capture and storage (CCS) technology.
This partnership aims to support PETRONAS in achieving its net zero targets through CCS.
Aniruddha Sharma, Chair and CEO at Carbon Clean, says: “PETRONAS has a pioneering approach to decarbonisation, viewing carbon capture as a lever to transform its business.
“It is turning the low-carbon energy transition into an opportunity to drive green growth.
“Carbon Clean is proud to support PETRONAS in achieving its net zero targets by providing a cost-effective approach to carbon capture.”
About PETRONAS
Petroliam Nasional Berhad, known as PETRONAS, is a Malaysian oil and gas company headquartered in Kuala Lumpur.
Founded in 1974, the company aims to achieve net zero carbon emissions by 2050.
PETRONAS aims to be “a progressive energy and solutions partner enriching lives for a sustainable future”.
In 2023, the company had revenue of US$73bn.
Charlotte Wolff-Bye, Chief Sustainability Officer at PETRONAS, says: “The low carbon energy transition is multifaceted, complex and should really be referred to in multiples.
“There won’t be one single way forward and much experimental policies and practices will be needed before we can settle on clear pathways.”
PETRONAS focuses on sustainability through four lenses:
- Continued Value Creation
- Safeguard the Environment
- Positive Social Impact
- Responsible Governance
In 2023 the company reduced its total GHG emissions by 29 million tonnes of CO2e.
Meet Carbon Clean
Carbon Clean is a London headquartered climate tech company that provides carbon capture solutions.
Since 2009 the company has captured more than 2.3 million tonnes of carbon.
Prateek Bumb, Co-Founder and CTO at Carbon Clean, says: “As innovators in carbon capture, we pride ourselves on offering the latest solutions to support heavy industry in its journey to net zero.”
The company has received funding and grant support from the UK and US governments and has established partnerships with industry leaders including Chevron, Cemex and Samsung.
Carbon Clean’s CycloneCC
Carbon Clean’s CycloneCC is a cost effective space saving solution that can capture up to 855 TPD of CO2 per day.
CycloneCC has a compact, modular design that occupies up to 50% less space than conventional carbon capture solutions.
The solution is quick and easy to install and integrate with existing operations.
It has rotating packed bed (RPB) technology, using centrifugal force to increase the efficiency of the carbon capture process.
Aniruddha explains: “CycloneCC’s modular design enables companies to stagger their investment, adding units in line with their decarbonisation goals.
“We are making carbon capture logistically viable and easy to scale.”
CycloneCC has the potential to reduce the total installed cost of carbon capture by up to 50%.
Under the MOU, Carbon Clean and PETRONAS will primarily focus on assessing CycloneCC.
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