Malaysia’s Petronas sees CCS cost as challenge

Dateline 2021-12-21, Argus Media:

Malaysian state-owned Petronas’ goal of achieving net zero emissions by 2050mirrors that of its home country and includes hydrogen as a crucial step.

The firm will focus on blue over green hydrogen at first, targeting exports to existing LNG customers in Japan and South Korea. But the cost of CCS is challenging for domestic projects. “If you look at [the] Middle East or Australia, their carbon capture is all onshore, so the cost of doing it is much cheaper theoretically. But because ours is all offshore… you get into all the complexities of operating offshore,” Petronas’ hydrogen business head, Adlan Ahmad, says.

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