Petronas, DNV to address CCUS challenges

Malaysia's Petronas has teamed up with Norwegian risk management and assurance firm DNV to address technical, regulatory and business challenges relating to the deployment of carbon capture utilisation and storage (CCUS), DNV said on July 19.

DNV noted that it had been "at the forefront" of CCUS research, studying areas including geological storage, pipeline re-use and the shipment of CO₂. 

"DNV’s expertise and track record in supporting CCUS projects globally, combined with PETRONAS’ technical capabilities and strategic resources, will spur the advancement of CCUS not only in Malaysia but across the region,"  DNV's head of business development for CCUS, Jamie Burrows, said in a statement. "Through this initiative we aim to address a number of areas fundamental to the establishment of regional hubs and thereby enable greater access to CCUS infrastructure."