decarbonfuse Icons/logo

Press Release

UK Firm Inks MoU with Petronas for CCS Tech

Published by Todd Bush on August 29, 2024

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.”

Icons/external Source

Subscribe to the newsletter

Icons/inbox check

Daily decarbonization data and news delivered to your inbox

Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.


Latest issues

View all issues

Company Announcements

Daily decarbonization data and news delivered to your inbox

Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.

Subscribe illustration