- MoU signed to study liquefied CO₂ marine transport and storage
- Focus on the cross-border CCS value chain in Southeast Asia
- The study will assess technical and commercial feasibility.
Nippon Yusen Kabushiki Kaisha and its affiliate Knutsen NYK Carbon Carriers AS have signed a memorandum of understanding with PETRONAS CCS Solutions Sdn. Bhd..
The agreement launches a joint feasibility study to explore a carbon capture and storage (CCS) value chain centred on liquefied CO₂ shipping in Southeast Asia.
Scope of the Feasibility Study
The study will evaluate the technical and commercial viability of transporting liquefied CO₂ across borders using the Elevated Pressure (EP) method.
It will also cover temporary storage, offshore handling, and subsurface injection into geological reservoirs, supporting future commercial CCS deployment in the region.
Strategic Significance
The collaboration aims to position Malaysia as a regional CCS hub, while enabling scalable maritime solutions for captured CO₂.
By combining shipping expertise with CCS infrastructure development, the partners are targeting lower-cost, flexible transport options that could accelerate CCS adoption across Southeast Asia.
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Source – NYK Line
