KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has inked a memorandum of understanding (MoU) with Petroliam Nasional Bhd (Petronas) to explore carbon Clcapture and storage (CCS) technology for gas-fired power plants.
TNB chief executive officer Datuk Seri Baharin Din said the MoU strengthens the companies' commitment to the National Energy Transition Roadmap (NETR).
"CCS stands out as one of the key energy transition levers outlined in the NETR.
"This MoU will enable TNB and Petronas to synergise their expertise and align their efforts in the realm of CCS technology for gas-fired power plants," Baharin said in a statement today.
Petronas president and group chief executive officer Tengku Tan Sri Muhammad Taufik said the complexity of the energy transition is a systemic challenge that will take work and cooperation with other sectors to achieve the target for carbon neutrality.
Tengku Muhammad Taufik said the MoU bears testimony to the shared conviction of both parties to deliver a pathway to responsibly provide energy security while supporting the low carbon aspirations set forth in the NETR.
"With the combined experience and technical capabilities as owners of energy infrastructures, the company looks forward to accelerating the development and deployment of CCS technology as part of a decarbonised energy system.
"Together, we can tap the full potential of
technologies at our disposal focused on the immediate need to reduce emissions.
"On our part, Petronas remains resolute to unlocking the solutions that will move the needle towards a more sustainable future – aligned to our net zero by 2050 target," he added.
As Malaysia transitions to a low-carbon economy, natural gas will play a pivotal role in the country's energy landscape, offering a reliable and affordable transitional base load power source.
Consequently, gas-fired power plants will enable greater integration of intermittent renewable energy sources.