PETRONAS recently signed a Joint Study Agreement with JERA Co., Inc, to evaluate the feasibility of the entire carbon capture and storage (CCS) value chain including separation and capture of carbon dioxide emitted by JERA in Japan, cross-border transportation, and CO2 storage in Malaysia. This agreement will strengthen the collaboration and contribute towards building a global network for cross-border CO2 transport and storage.

Tenaga Nasional Berhad (TNB) and Petroliam Nasional Berhad (PETRONAS) have signed a Memorandum of Understanding (MoU) to explore Carbon Capture and Storage (CCS) technology for gas-fired power plants.

PETRONAS CCS Ventures has signed a Term Sheet with Mitsui O.S.K Lines and MISC Berhad for the potential incorporation of a joint venture entity to invest in developing and monetising Liquefied Carbon Dioxide carriers for CCS projects in Malaysia.