Malay Basin

The project is a joint venture among TotalEnergies, Petronas, and Mitsui to develop a carbon capture and storage (CCS) hub in Southeast Asia, specifically Malaysia’s Malay Basinm targeting both saline aquifers and depleted offshore reservoirs. The partners will conduct technical evaluations of potential storage sites, assess the most efficient means to transport CO₂ from regional industrial clusters to Malaysia, and design suitable commercial and legal frameworks to facilitate a merchant CO₂ storage service. The agreement builds on a previous 2022 memorandum of understanding and represents a coordinated effort to establish Malaysia as a regional CCS hub for industries in Asia-Pacific.