United Kingdom-based carbon capture tech firm Carbon Clean, has signed a memorandum of understanding (MoU) with Petronas CCS Solutions Sdn Bhd (PCCSS), a subsidiary of Malaysia’s Petroliam Nasional Berhad (Petronas), to jointly collaborate and evaluate Carbon Clean’s carbon capture and storage (CCS) technology.
>> In Other News: Canada’s Clean Hydrogen Strategy: Companies Driving the Transition
Under the MoU, Carbon Clean and PCCSS will collaboratively assess carbon capture technology, aiming to identify synergies and explore future collaboration opportunities. The focus of the collaboration includes evaluating various methods of carbon capture for potential integration into different areas of Petronas’ operations, Carbon Clean said in a news release.
Carbon Clean said the primary focus of the MoU is its CycloneCC solution, which has the potential to reduce the total installed cost of carbon capture by up to 50 percent compared to conventional solutions. Both companies will work together to explore and develop how the modular technology can be used for post-combustion carbon dioxide (CO2) capture.
According to Carbon Clean, CycloneCC’s compact, modular design makes it quick to install and easy to integrate with existing operations. CycloneCC’s physical footprint occupies up to 50 percent less space than conventional carbon capture solutions, and the equipment is 10 times smaller. Rotating packed bed (RPB) technology uses centrifugal force to increase the efficiency of the carbon capture process, the company noted.
Aniruddha Sharma, Carbon Clean Chair and CEO, said, “Petronas has a pioneering approach to decarbonization, viewing carbon capture as a lever to transform its business. It is turning the low-carbon energy transition into an opportunity to drive green growth. Carbon Clean is proud to support Petronas in achieving its net zero targets by providing a cost-effective approach to carbon capture. CycloneCC’s modular design enables companies to stagger their investment, adding units in line with their decarbonization goals. We are making carbon capture logistically viable and easy to scale.”
Carbon Clean said it has over a decade of experience designing, building, and operating industrial carbon capture systems and describes itself as an innovation leader in the CCUS market, with over 100 active patent assets across 18 patent families covering 30 countries.
In related news, Petronas signed an agreement with Abu Dhabi National Oil Co. (ADNOC) and Storegga to collaborate on a potential CCS project with a capacity of at least five million metric tons per annum in Malaysia.
The Joint Study and Development Agreement will evaluate the capability of saline aquifers to store carbon dioxide (CO2) emissions, with a view to building a CCS facility in the Penyu Basin offshore Peninsular Malaysia, according to a recent statement. The scope of the pact also includes “a CO2 shipping and logistics study, geophysical and geomechanical modeling, reservoir simulation, and containment research while exploring the application of advanced technologies, including artificial intelligence, to enhance storage capacity.”
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🍁 Alberta Cuts Carbon Costs to Fast-Track Pathways CCS 🏛️ EU Unveils Sweeping ETS Overhaul With €100 Billion Industrial Decarbonisation Bank 🌱 Consultation: Major Revision to Bio...
Inside This Issue 🔋 IDF, Oaktree to Invest $1.7 Billion in Bloom Energy Fuel Cells for AI Infrastructure 🌬️ Airhive Acquires Carbyon, Creating a European Leader in Low-Cost Direct Air Capture Tech...
Inside This Issue ⚡ ECL and PowerCell Announce 300 MW+ Hydrogen Power Strategic Partnership for AI Data Centers, Supported by Bosch 🍁 Canada, Alberta Ease TIER Carbon Rules to Fast-Track Pathways ...
JERA Co., Inc. (JERA), a global energy leader and Japan's largest power generation company, today announced that it has signed a Memorandum of Understanding (MoU) with Samsung C&T Corporation (...
ZeroAvia and Safran Forge Partnership on Hydrogen-Electric Technologies
ZeroAvia and Safran have announced the launch of a collaboration dedicated to hydrogen-electric propulsion technologies for aviation. This partnership combines ZeroAvia’s cutting-edge expertise in ...
Clean Fuels Welcomes Hawaii Clean Fuel Standard for Alternative Fuels
JEFFERSON CITY, MO, Clean Fuels Alliance America applauds Hawaii Governor Josh Green, M.D., for signing legislation to create a clean fuel standard for the State of Hawaii. This new law will help d...
Air Liquide Invests Over 160M USD in the U.S. to Supply Advanced Chips Manufacturing in Arizona
Air Liquide announces a new investment of over 160 million US dollars to build, own and operate a new large-scale production facility in Arizona to supply essential ultra-high purity gases to the l...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.