20-07-2022

DNV and PETRONAS join forces to support the development of carbon capture utilisation and storage

DNV, the independent expert in risk management and assurance and Petroliam Nasional Berhad (PETRONAS), a global energy and solutions partner, ranked amongst the largest corporations in Fortune Global 500 signed a Memorandum of Understanding to address the technical, regulatory and business challenges of carbon capture utilisation and storage deployment. The companies plan to collaborate on initiatives and activities related to CCUS deployment by leveraging each organisation’s technical skills, resources and research capabilities. CCUS enables the capture of CO2 emissions from industrial activities and in South-East Asia could play a crucial role in the region’s transition to net zero.

The MOU provides for the collaboration of both parties in the following areas: 

1.         Technical matters including safety, environment, risk, technology and the qualification of storage sites

2.         Legislation and regulation

3.         Capability development

4.         Commercial areas

The MOU was signed on 8 July 2022 by PETRONAS Senior General Manager of Carbon Management, En. Emry Hisham Yusoff and Vice President & Regional Director Asia Pacific, Energy Systems at DNV, Mr. Brice Le Gallo.

With over 20 years of experience in Carbon Capture, Utilisation and Storage, DNV has been trusted by parties worldwide to provide guidance regarding key technical, market and safety risks for deployment. DNV has been at the forefront of research regarding CCUS examining key areas including geological storage, pipeline re-use and the shipment of CO2. A suite of recommended practices has been published by DNV covering the full CCUS value chain.