Malaysian national oil company Petronas has signed an agreement with Technip Energies to together further the commercialisation of carbon capture technologies.
The engineering and technology player wants to work with Petronas to accelerate the transition to a net-zero carbon economy through developing carbon capture technologies and their equipment to help operators reduce emissions.
“This new partnership extends our historical collaboration with Petronas into technology development within energy transition, calling on Technip Energies’ extensive capabilities on decarbonisation technologies,” Technip Energies chief executive Arnaud Pieton said.
“It will generate unique synergies by combining Technip Energies’ and Petronas’ respective experiences in the development of essential technologies for the capture and management of CO2. I trust that the technologies that we will co-develop and commercialise will serve the decarbonisation efforts of Petronas and other clients extensively.”
Petronas will contribute its Rotating Pack Bed assisted cryogenic carbon dioxide recovery technology and its membrane-based CO2 recovery technology.
“Petronas leverages on innovations in a holistic approach towards its Net Zero Carbon Emissions 2050 aspiration and has identified carbon capture, utilisation and storage technologies among core enablers towards achieving the ambition,” Bacho Pilong, senior vice president of project delivery and technology at Petronas, said.
“We are excited about the many possibilities to be created under this collaboration between two companies equally passionate about advancing technologies that will mutually progress our sustainability agenda. We also hope our synergy and the ensuing successes will spur similar partnerships that meet the triple bottom lines of profit, people and the planet for a better tomorrow.”