PETRONAS ACQUIRES LAND FOR CARBON CAPTURE AND STORAGE HUB IN PENINSULAR MALAYSIA

KUANTAN, PETRONAS, through its subsidiary PETRONAS CCS Solutions Sdn Bhd ('PCCSS'), has signed a land rental agreement with Kuantan Port Consortium Sdn Bhd ('Kuantan Port') to progress plans for its Southern Carbon Capture and Storage (CCS) hub in Pahang, Malaysia.The hub is expected to have its first injection by 2029 and will play a key role in reducing carbon emissions for hard-to-abate industries locally and internationally. The location of the hub is ideal for an integrated CCS value chain and future growth and is expected to create new economic opportunities and benefits for the surrounding communities.Source: BERNAMA News Agency