Kelington Group has signed an addendum to its memorandum of understanding with PETRONAS CCS Solutions. The partnership focuses on carbon capture and storage (CCS) initiatives, specifically evaluating technologies and commercial feasibility for managing CO2 emissions. The expanded scope now includes a Satellite CO2 Terminal Study. This move aims to strengthen the CCS value chain by utilizing Ace Gases expertise in CO2 logistics and facility operations to handle industrial emissions.
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Kelington is teaming up more closely with PETRONAS on CCS. They are adding a study on satellite CO2 terminals to their existing agreement to figure out the logistics of moving carbon.
The logistics of CO2 transport are usually where these projects stall. I wonder what the actual volume targets are for these satellite terminals. Without capacity numbers, it is just a study.
Exactly. The hardware for the terminals is one thing, but the operational cost of the logistics often kills the payback period for the industrial sites feeding the system.
Interesting to see the focus on the value chain. The success of this depends on whether Malaysia has a clear regulatory framework for long term carbon storage liability and pricing.
