Petronas: Decarbonising fossil fuel the way to go

July 27, 2022

Dateline 2022-05-26, The Edge:

OVER the years, there has been much debate on whether low-carbon solutions such as carbon capture technology are relevant in the light of renewable energy adoption and the energy transition.

The recent energy crunch, which saw oil and gas prices skyrocket amid high demand, and pushed some countries to even revisit coal for power generation, has proved that fossil fuel use cannot be avoided in the near term.

This means it is even more pertinent to explore technologies that allow carbon reduction and offset during the energy transition, says Petroliam Nasional Bhd (Petronas) vice-president and chief sustainability officer Charlotte Wolff-Bye.

Petronas sees carbon capture as business potential

February 8, 2022

Do you think this will come back and bite Petronas later, like the O&G claims re: global warming and the plastics recycling debacle?

Dateline 2021-12-07, Malaysian Reserve:

PETROLIAM Nasional Bhd (Petronas) is looking into the possibility of deploying more low carbon solutions in the long term, with a project on carbon capture and storage (CCS) on the horizon.

Petronas chief sustainability officer Charlotte Wolff-Bye told The Malaysian Reserve (TMR) that CCS presents the firm with the potential to solve the technical challenge it is facing with high CO2 assets and projects.

“Hydrocarbons per se are not the problem, but it is the emissions that we must address. In our sector, important means are improving energy efficiency, reducing flaring and venting, considering electrification of power supply and so on.