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Petronas, TotalEnergies, Mitsui form JV for 5 mtpa Malaysia CCS hub
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Fusion42 · 24 October 2026 · Fusion42 review
Petronas, TotalEnergies, and Mitsui have formed a joint venture to develop a 5 million tonne per annum offshore carbon capture and storage hub in Malaysia, targeting first injection in 2031. This JV supports Malaysia's broader CCS targets to scale CO2 storage capacity significantly by 2050.
This Wire brief sits within Fusion42's coverage of Climate Tech.
◆ ◆ The Wire takeaway
You can explore opportunities in offshore carbon storage as Petronas, TotalEnergies, and Mitsui build Malaysia's first large-scale CCS hub. This creates openings for suppliers and service providers targeting the growing CO2 storage market in Southeast Asia.
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1 source · 23 Oct 2026
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