Carbon capture solutions company Carbon Clean has signed a Memorandum of Understanding (MOU) with PETRONAS CCS Solutions Sdn Bhd (PCCSS), a subsidiary of PETRONAS, to jointly collaborate and evaluate Carbon Clean’s carbon capture and storage (CCS) technology.
The focus of the collaboration centres on evaluating various methods of carbon capture for potential integration into different areas of PETRONAS’ operations, Carbon Clean said in a statement this week.
Its CycloneCC solution will be the primary focus of the MOU.
According to the MoU announcement, the companies will work together to explore and develop how the modular technology can be used for post-combustion CO2 capture.
Aniruddha Sharma, Chair and CEO of Carbon Clean, said: “PETRONAS has a pioneering approach to decarbonisation, viewing carbon capture as a lever to transform its business. It is turning the low-carbon energy transition into an opportunity to drive green growth. Carbon Clean is proud to support PETRONAS in achieving its net zero targets by providing a cost-effective approach to carbon capture.
“CycloneCC’s modular design enables companies to stagger their investment, adding units in line with their decarbonisation goals. We are making carbon capture logistically viable and easy to scale,” added Sharma.
When looking at the CCS figures, in recent years, it has been estimated that 73 per cent of CO2 captured every year is used for EOR (enhanced oil recovery), while other sources put the figure as high as 82.5 per cent.
The technology currently captures around 0.1 per cent of global emissions.