Petronas and the Japanese Mitsui OSK will explore the transport of liquefied CO2

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Motorists queue to refuel with natural gas at a Petronas station, with the company’s headquarters in the famous Petronas Twin Towers visible in the background, in Kuala Lumpur July 30, 2013. REUTERS/Bazuki Muhammad

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KUALA LUMPUR, Feb 9 (Reuters) – Malaysia’s state-owned energy company Petronas said on Wednesday it has signed an agreement with Japanese shipping company Mitsui OSK Lines (MOL) (9104.T) to explore transport opportunities for liquefied carbon dioxide ( CO2) in Asia. Pacific and Oceania regions.

The two parties will jointly study the transportation of liquefied CO2 for the carbon capture, utilization and storage (CCUS) value chain, Petronas said in a statement.

Transporting liquefied CO2 allows CCUS sites to be connected safely and efficiently over long distances where pipelines are not economically viable.

“This collaboration is important because the long-distance transport of liquefied CO2 plays a critical role in the CCUS value chain,” said Petronas Executive Vice President and Upstream General Manager Adif Zulkifli.

MOL and Norwegian ship management company Larvik Shipping AS, which operates liquefied CO2 vessels for food-grade CO2, will lend their expertise to the study, Petronas said.

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Reporting by Mei Mei Chu; Editing by Sherry Jacob-Phillips

Our standards: The Thomson Reuters Trust Principles.

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