What joint study will Petros and POSCO carry out on storage sites?

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Petros and POSCO Will Conduct a Joint Study on Carbon Storage Sites in Sarawak

Petros and POSCO Group will undertake a joint study to evaluate potential carbon storage locations within Sarawak. This collaborative effort, based on data provided by Petros, will also examine the logistics of transporting carbon dioxide from South Korea to a Sarawak-based Carbon Capture and Storage (CCS) hub. The study's scope encompasses CO2 injection and sequestration processes, alongside the development of strategies to minimize greenhouse gas emissions associated with CCS opportunities. Ultimately, the parties aim to assess the technical and commercial viability of establishing a CCS business in the region.
Assessment of Potential Carbon Storage Sites

The initial phase of the joint study will focus on identifying and analysing prospective sites within Sarawak suitable for carbon storage. This assessment will leverage existing data made available by Petros, a state-owned entity. The evaluation will form the foundation for subsequent stages of the CCS development project.
CO2 Transportation and Injection Logistics

A significant component of the study will involve detailing the methodology for transporting captured carbon dioxide from South Korea to a proposed CCS hub in Sarawak. Following transportation, the research will also cover the technical aspects of injecting and securely sequestering the CO2 within the identified geological formations.
Greenhouse Gas Emission Mitigation Strategies

The collaboration will also address the environmental implications of CCS operations. This includes developing and evaluating solutions designed to reduce, mitigate, or entirely avoid any greenhouse gas emissions that might arise throughout the CCS process. This focus underscores a commitment to responsible environmental stewardship in developing the CCS business.
Technical and Commercial Feasibility Assessment

The overarching objective of the joint study is to determine whether a Carbon Capture and Storage business in Sarawak is both technically sound and commercially viable. This comprehensive assessment will inform future decisions regarding the implementation and scaling of CCS projects in the state.

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What joint study will Petros and POSCO carry out on storage sites?

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