TotalEnergies signs agreement with Petronas and Mitsui to develop a carbon storage project in Southeast Asia and also with Gentari Renewables Sdn Bhd, the clean energy solutions company of Petronas, to develop renewable energy projects in the Asia Pacific region.
Petronas, Mitsu and TotalEnergies will jointly evaluate several CO2 storage sites in the Malay Basin, including both saline aquifers and depleted offshore fields.
More specifically, this partnership aims to develop a CO2 merchant storage service to decarbonise industrial customers in Asia.
At the same time, concerning the agreement between TotalEnergies and Petronas subsidiary Gentari, the partnership will study several potential storage sites, determine the best technical means to deliver CO2 to Malaysia from industrial clusters in the region and develop the most appropriate business framework for commercialisation of a carbon storage service in Malaysia.
Already collaborating in the upstream sector in eight countries around the world, this agreement further strengthens TotalEnergies’ partnership with Petronas in the energy transition.
Furthermore, under this agreement, TotalEnergies and Gentari aim to develop the 100MW Pleasant Hills Solar Project in Queensland, Australia, in order to supply low-carbon electricity to the Roma field’s gas production and processing facilities.
In fact, TotalEnergies and Gentari’s parent company, Petronas, each hold a 27.5% stake in Gladstone LNG.
Julien Pouget, senior vice president of Asia Pacific for Exploration & Production and Renewables at TotalEnergies, commented, “The 100MW Pleasant Hills Solar Project, which will contribute to lowering the emissions of Gladstone LNG, is a first material implementation of this agreement.”
