By DayakDaily Team
KUCHING, Nov 10: Petroliam Nasional Berhad’s (PETRONAS) wholly-owned subsidiary, PETRONAS CCS Ventures Sdn Bhd (PCCSV) has made history as the first company in Malaysia to receive an Offshore Assessment Permit for Carbon Capture and Storage (CCS).
According to the press statement by PETRONAS, the permit was granted by the Malaysia Carbon, Capture, Utilisation, and Storage (MyCCUS) Agency on October 10, 2025. It is the first permit issued under the newly enacted Carbon Capture, Utilisation, and Storage Act [Act 870] (CCUS Act 2025) which was enforced on October 1.
The Offshore Assessment Permit grants exclusive rights to conduct comprehensive offshore geological assessments over the Duyong field, located offshore Peninsular Malaysia.
This permit enables the ongoing collaboration between PCCSV, TotalEnergies and Mitsui & Co., Ltd. (MITSUI) under the Key Principles Agreement (KPA) dated July 2025 to continue advancing studies and evaluation of the Duyong area’s potential as a carbon storage site, which is part of the Southern CCS offshore hub development.
“The granting of the Offshore Assessment Permit by the MyCCUS Agency represents a critical milestone for the Duyong CCS project,” said PCCSV Chief Executive Officer Emry Hisham Yusoff.
“This permit allows our collaboration with TotalEnergies and MITSUI to advance to the next phase of technical studies and evaluations, bringing us closer to realising Duyong’s potential as a safe and commercially viable carbon dioxide (CO₂) storage site. It reinforces PETRONAS’ commitment towards reducing emissions and offering decarbonisation solutions to our customers and partners.”
All assessment activities will be conducted in full compliance with the CCUS Act 2025 and its Offshore Permit and Licensing Regulations 2025, adhering to national laws and relevant guidelines to determine the site’s technical and commercial feasibility
The KPA framework allows PCCSV, TotalEnergies, and MITSUI to lay the groundwork for the front-end engineering design (FEED) phase for Duyong, paving the way for the Asia Pacific region’s first integrated CCS solution for industrial emitters.
The agreement builds on the CCS Development Agreement previously signed between PETRONAS, TotalEnergies, and MITSUI in 2023.
The permit issuance marks a pivotal step in building Malaysia’s carbon capture and storage industry, positioning the nation as a regional leader in cross-border CO₂ collaboration and responsible energy transition.
The milestone underscores PETRONAS’ leadership in advancing low-carbon technologies and its continued commitment through PCCSV to achieving Net Zero by 2050 in support of regional and global climate goals. — DayakDaily
