Why not reduce at the source? Because you can’t make a profit.
Dateline 2022-11-29, Upstream:
Malaysia’s national upstream company Petronas Carigali has taken the final investment decision on its Kasawari carbon capture and storage (CCS) — Kasawari phase two — development offshore Sarawak, East Malaysia.
The CCS project, located in Block SK 316 about 200 kilometres offshore Bintulu, is expected to reduce carbon dioxide volumes emitted via flaring by 3.3 million tonnes of CO2 equivalent annually, making it one of the largest offshore CCS projects in the world.
Petronas Carigali’s chief executive Hasliza Othman said: “The FID marks a crucial stage in the progress of CCS solutions.
“This project is expected to become the catalyst in achieving end-to-end CCS capability development within Petronas and the first step in unlocking Malaysia’s potential as a regional CCS solutions hub.”
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Wata - Malaysian Oil and Gas Engineer 