Malaysia is well positioned as a promising regional hub for CCUS

Quick Summary:

Under NETR, Malaysia aims to establish three CCUS hubs by 2030 with a shared storage capacity of up to 15 million tonnes per annum (mTpa), about 300,000 barrels per day (bpd).

It could also mandate a future unified permit application for CCUS projects, which could further assist in environmental protection and workforce safety, while adding other CCUS solutions to the nation, such as carbon sinks in rainforests and underutilised land.

For CCUS offshore facilities and transportation, MIDF Amanah said it expects MISC Bhd to play a significant role in Malaysia’s CCUS operations.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaBrunei

Topics: Economy /Business/Business News OGSE Carbon CCUS Co2

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 09:51:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 753 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21618266

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