Posted on 04 Jan 2023
South Korean steelmaker Posco Group is implementing a carbon capture and storage (CCS) project in Sarawak, Malaysia, Kallanish learns from the company’s announcement on 3 January.
Posco Holdings, Posco International, Posco E&C and Malaysian oil and gas company Petros signed a memorandum of understanding (MoU) on 12 December 2022 for the CCS project.
“Under the MoU, the two parties decided to conduct a feasibility analysis on the project to capture, transport, and store the CO2, being discharged from the operation of Posco steelworks and from the production of blue hydrogen, at depleted, offshore oil and gas fields off the state of Sarawak,” Posco states.
Posco Group and Petros plan to form a working group to discuss details including carbon dioxide capture in South Korea to transportation in Malaysia, as well as CO2 infrastructure facility construction and CO2 injection and storage.
Anyi Ngau, Head of Petros’ Sarawak Resource Management Division said, “The CCS project is a key driving force in Sarawak’s achievement of carbon neutrality by 2050 and has the potential to promote a world-class CCS project with the support of the state government.”
Petros (Petroleum Sarawak Bhd) is an oil and gas company under the Sarawak state government.
In September last year, Posco Holdings also signed an agreement with Samsung Engineering, Lotte Chemical, Malaysia’s SEDC Energy, and Sarawak Energy Berhad, to promote the ‘Sarawak H2biscus Clean Hydrogen Project’. The project is currently undergoing a feasibility study and aims to produce commercial hydrogen by the end of 2027.
Source:Kallanish
