Seoul, Aug. 3 (BNA): Samsung Engineering and five other South Korean companies have teamed up with Malaysian state energy company Petroliam Nasional Berhad to work on a project to capture, transport and store carbon dioxide and emerging emissions technology. shorthand.
Under a memorandum of understanding signed at a virtual meeting in Kuala Lumpur, the companies said they plan to conduct a feasibility study to assess the practical application of the project, according to South Korea’s Yonhap news agency.
The five South Korean companies are SK Energy Co., Ltd. Samsung Heavy Industries. Lotte Chemical Company; GS Energy Corp. and SK Earth On Co.
The project is largely designed to capture carbon dioxide produced at industrial sites in South Korea and transport it to Malaysia for storage.
Carbon capture and storage is referred to as a key technology that can help tackle global warming as carbon dioxide captured from industrial sites can be used as a resource or feedstock to create other products or services, or stored permanently underground.
ZHB