Malaysian national oil company Petronas has signed a memorandum of understanding (MoU) with UK-based Storegga, a developer of carbon storage and clean fuels, to assess and determine the commercial, regulatory, and economic factors needed for the development of carbon capture and storage (CCS) hub and cluster projects in Malaysia.

Storegga said yesterday that the move progresses both companies continued efforts to combat climate change through the development of CCS and carbon management globally.

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