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Transactions - DECEMBER 6, 2021

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Consortiums compete for one of world’s largest CCS contracts

by Kali Persall

One of the world’s largest carbon capture and storage (CCS) projects, which will be capable of processing around 3.5 million tons of carbon dioxide annually, is progressing toward completion, according to Energy Voice.

Petronas invited two consortiums — Malaysia Marine & Heavy Engineering (MMHE) with partner Ranhill Worley, and Hyundai Heavy Industries with Aker Solutions —  to submit front-end engineering and design (FEED) bids for the Kasawari CCS project.

The project is expected to reach final investment approval by 2022, with the winner of the FEED competition to have its contract rolled over into a full engineering, procurement, construction, installation, and commissioning deal.

The project is expected to begin operations in 2025.

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