South Korean firms ink MOU to store CO2 in Sarawak

Desmond Davidson Updated 3 months ago · Published on 12 Dec 2022 4:50PM · 0 Comments

Posco and Petros executives sign an MOU to build a carbon capture and storage facility in Sarawak. – The Malaysian Insight pic, December 12, 2022.

PETROLEUM Sarawak Berhad (Petros) and two Posco Holdings subsidiaries – Posco International and Posco Engineering & Construction Co Ltd – have signed a memorandum of understanding (MOU) to import and store waste carbon dioxide (CO2) in the state.

Under the MOU, the partner companies will conduct a joint study on potential carbon storage sites; transport of CO2 from South Korea to the CCS hub in Sarawak; CO2 injection and sequestration; solutions to reduce, mitigate and avoid greenhouse gas (GHG) emissions; and assess the technical and commercial feasibility of the CCS business.