United Kingdom-based carbon capture tech firm Carbon Clean, has signed a memorandum of understanding (MoU) with Petronas CCS Solutions Sdn Bhd (PCCSS), a subsidiary of Malaysia’s Petroliam Nasional Berhad (Petronas), to jointly collaborate and evaluate Carbon Clean’s carbon capture and storage (CCS) technology.
>> In Other News: Canada’s Clean Hydrogen Strategy: Companies Driving the Transition
Under the MoU, Carbon Clean and PCCSS will collaboratively assess carbon capture technology, aiming to identify synergies and explore future collaboration opportunities. The focus of the collaboration includes evaluating various methods of carbon capture for potential integration into different areas of Petronas’ operations, Carbon Clean said in a news release.
Carbon Clean said the primary focus of the MoU is its CycloneCC solution, which has the potential to reduce the total installed cost of carbon capture by up to 50 percent compared to conventional solutions. Both companies will work together to explore and develop how the modular technology can be used for post-combustion carbon dioxide (CO2) capture.
According to Carbon Clean, CycloneCC’s compact, modular design makes it quick to install and easy to integrate with existing operations. CycloneCC’s physical footprint occupies up to 50 percent less space than conventional carbon capture solutions, and the equipment is 10 times smaller. Rotating packed bed (RPB) technology uses centrifugal force to increase the efficiency of the carbon capture process, the company noted.
Aniruddha Sharma, Carbon Clean Chair and CEO, said, “Petronas has a pioneering approach to decarbonization, 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. CycloneCC’s modular design enables companies to stagger their investment, adding units in line with their decarbonization goals. We are making carbon capture logistically viable and easy to scale.”
Carbon Clean said it has over a decade of experience designing, building, and operating industrial carbon capture systems and describes itself as an innovation leader in the CCUS market, with over 100 active patent assets across 18 patent families covering 30 countries.
In related news, Petronas signed an agreement with Abu Dhabi National Oil Co. (ADNOC) and Storegga to collaborate on a potential CCS project with a capacity of at least five million metric tons per annum in Malaysia.
The Joint Study and Development Agreement will evaluate the capability of saline aquifers to store carbon dioxide (CO2) emissions, with a view to building a CCS facility in the Penyu Basin offshore Peninsular Malaysia, according to a recent statement. The scope of the pact also includes “a CO2 shipping and logistics study, geophysical and geomechanical modeling, reservoir simulation, and containment research while exploring the application of advanced technologies, including artificial intelligence, to enhance storage capacity.”
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💰 OnStream Receives $26 Million in Federal Funding for Louisiana Offshore Carbon Storage Hub Development and Announces Joint Venture Partnership with Major Midstream Company 🌍 Ex...
Inside This Issue 🌍 EDF Group and Abraxas Power Corp. Announce Strategic Partnership for the Exploits Valley Renewable Energy Corporation Green Hydrogen and Ammonia Project in Newfoundland 💧 Hydro...
Inside This Issue 🌍 Technip Energies and Shell Catalysts & Technologies Join Forces to Advance Carbon Capture Solutions ⚡ FuelCell Energy Announces Global Restructuring, Focusing Core Technolo...
'Project Concho' Combines Proven DAC Technology, New Local Wind Power And Texas' Carbon Storage Capacity SAN ANGELO, Texas, Nov. 21, 2024 /PRNewswire/-- Carbon capture and removal project develope...
Clean Hydrogen Works Awards McDermott FEED Contract for Ascension Clean Energy (ACE) Project
THE WOODLANDS, Texas, & HOUSTON-- Clean Hydrogen Works (CHW) and McDermott announce that CHW has awarded McDermott the front-end engineering and design (FEED) contract for the Ascension Clean E...
xStorage battery energy storage system helps maximize onsite renewables, reduce energy costs and decarbonize power systems Eaton’s national network of engineers, digital monitoring and managem...
Sustainability leaders can pioneer the new program by joining the limited pilot launch ST. LOUIS--(BUSINESS WIRE)-- Bayer announced today an expanded approach to its programs that sequester carbon...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.