News

Indonesia's state energy firm, Pertamina, along with U.S. oil majors Exxon Mobil and Chevron Corp, is progressing in their discussions to invest in carbon capture facilities.

Malaysian utility company Tenaga Nasional Berhad (TNB) has worked with state-owned oil and gas firm Petroliam Nasional Berhad (Petronas) to explore carbon capture and storage (CCS) technology for gas-fired power plants.

Malaysia’s utility company Tenaga Nasional Bhd is exploring carbon capture and storage and hydrogen-based generation solutions to address the sustainable electricity consumption needs of the growing energy-guzzling data center industry.

Malaysia is seeking foreign investors in high-value industries such as electric vehicles (EVs), semiconductors and carbon capture, according to its trade and investment minister.

According to an outlook report by S&P Global Commodity Insights, that the world is not making enough progress to achieve the necessary CO2 reductions by 2050 in the carbon capture, utilization, and storage (CCUS) market.

South Korea’s SK Group subsidiaries SK IE Technology Co., SK Innovation Co. and Lotte Chemical have announced their partnership by signing a memorandum of understanding on Oct. 23 with the goal of entering the carbon capture market.

Pertamina and BP are exploring a potential collaboration in the carbon capture, utilization, and storage project at the Tangguh natural gas field, which may involve producing blue ammonia.

Japan will hold talks with Malaysia on storing power plant and industrial emissions in the Southeast Asian nation, with an aim of the first shipment in 2028.

ExxonMobil and BP executives expressed optimism about the oil firm’s carbon capture projects in Indonesia, suggesting they provided a solution to the global need to balance emissions reduction and energy security.

Amazon announced that it will help fund the direct air capture technology by purchasing 250,000 tons of carbon removal over the next decade.