Pouyanne announced carbon capture and storage agreements with Petronas and an MoU with Gentari, highlighting the Asian region’s renewable potential and $5 billion investment in gas and renewables in the past five years.
TotalEnergies has officially partnered with Petronas and Mitsui to develop a carbon storage project in Southeast Asia.
Petronas, Mitsu, and TotalEnergies will jointly evaluate several CO2 storage sites in the Malay Basin, including saline aquifers and depleted offshore fields.
More specifically, this partnership aims to develop a CO2 merchant storage service to decarbonize industrial customers in Asia.
The Gentari, and TotalEnergies Partnership
TotalEnergies signs a Strategic Collaboration Agreement with Petronas’ Gentari Renewables Sdn Bhd to develop renewable energy projects in the Asia Pacific region.
TotalEnergies and Petronas subsidiary Gentari will study storage sites, determine optimal CO2 delivery methods, and develop a suitable business framework for commercializing a carbon storage service in Malaysia.
The agreement strengthens TotalEnergies’ partnership with Petronas in the energy transition, focusing on the upstream sector in eight countries.
TotalEnergies and Gentari will jointly develop the 100MW Pleasant Hills Solar Project in Queensland, Australia, to supply low-carbon electricity to Roma field gas production and processing facilities.[1]
The company said the project will lower Gladstone LNG (GLNG) emissions on Curtis Island.
GLNG converts natural gas, including coal seam gas from the Bowen and Surat basins, into LNG for export to Asia.
“We are pleased to join forces with our long-standing partner Petronas, through Gentari, to deploy renewable energies in Asia-Pacific and decarbonize our own facilities leveraging on our respective strengths: through this Strategic Collaboration Agreement, we are paving the way for very concrete action plans ranging from implementing best practices to eliminate methane emissions, to energy efficiency and electrification with low carbon power,” commented Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies.
“The 100MW Pleasant Hills Solar Project, which will contribute to lowering the emissions of Gladstone LNG, is a first material implementation of this agreement.”
TotalEnergies aims to reach net zero by 2050 by expanding its portfolio of electricity and renewables. By 2023, the company had 18 GW of installed renewable electricity capacity.
It plans to increase this to 35 GW by 2025 and 100 GW by 2030, positioning it among the top five global wind and solar energy producers.
References
- Amanda Battersby, ‘TotalEnergies seeks to tap ‘huge’ Asian renewable potential with Petronas and Gentari pacts’,” Upstream Online, 26 June 2023, https://www.upstreamonline.com/carbon-capture/totalenergies-seeks-to-tap-huge-asian-renewable-potential-with-petronas-and-gentari-pacts/2-1-1474415[↩]
