Six Korean companies have signed a memorandum of understanding with Malaysia’s state energy company Petronas to establish the Shepherd CCS Project, aiming to create a full carbon capture, transport and storage value chain between the two countries.
The project will undertake conceptual and feasibility studies and involves evaluating potential CO2 storage sites in Malaysia and exploration of other areas across the CCS value chain, including the strengthening of cross-border CO2 transportation. Malaysia aims to become a leading regional CCS solutions hub.