K Line seals storage site agreement for Malaysia CCS project
Storage site deal is a big step forward for the carbon capture utilisation and storage project in Malaysia. It enables feasibility studies of carbon dioxide storage sites, starting with the M3 depleted field in offshore Sarawak
K Line and its partners have been working on a storage site project since 2022. In September 2023, the consortium agreed with Petronas CCS Ventures to commercialise it. Planning will now take place for the supporting infrastructure. This will include thinking about onshore terminals and transport pipelines, as well as an assessment of the project’s techno-commercial feasibility