Petronas is expanding in CCS
Petronas partners with ExxonMobil on CCS projects
Agreement adds to growing list of carbon-capture alliances forged by Malaysian oil and gas company
Malaysian NOC Petronas has added to its rapidly growing portfolio of joint ventures and collaboration in the CCS sector with an agreement to develop two projects in Malaysia with US oil major ExxonMobil. The agreement comes after the two companies signed a broader memorandum of understanding (MoU) in 2021 in one of Petronas’ first CCS-related collaborations. Since then, it has formed multiple alliances aimed at developing CCS, with the number of agreements signed last year alone reaching double figures. These include an agreement in November to work with Dutch oil and gas storage company Vopak on the development CCS infrastructure in Southeast Asia with an initial focus on industrial project
Also in this section
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
17 October 2025
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
17 October 2025
The black-tie gala recognised the energy industry’s leading innovations and thought leaders from across the value chain
15 October 2025
Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
