PETRONAS CCS Ventures Sdn. Bhd., also known as PCCSV, is a wholly owned subsidiary of Petroliam Nasional Berhad (PETRONAS), Malaysia's state-owned oil and gas corporation. The company was established specifically to spearhead the development of projects across the full carbon capture and storage (CCS) value chain within Malaysia.
Its core activities encompass geological assessments of potential storage sites, front-end engineering and design studies, certification of facilities, and the formation of joint ventures for CO2 transportation and injection infrastructure. PCCSV has secured Malaysia's inaugural offshore assessment permit for CCS in the Duyong area under the Carbon Capture, Utilisation and Storage Act 2025, enabling progress on the Southern CCS Hub in collaboration with partners including TotalEnergies and Mitsui & Co.
Headquartered in Kuala Lumpur, the subsidiary engages in strategic alliances with entities such as MOL, MISC, and DNV to advance decarbonization solutions. It supports PETRONAS's broader objective of achieving net zero carbon emissions by 2050 and aims to establish Malaysia as a leading CCS hub in Southeast Asia through commercial-scale storage developments targeting multi-million tonne annual injection capacities.
Also known as PETRONAS CCS Ventures.
None yet. When a new project in the record names PCCSV as owner, partner or investor, it shows here.
JV will develop offshore CO2 storage targeting up to 5 Mtpa injection; first injection targeted by 2031; supports Malaysia's Southern CCS Hub and potential cross-border CO2 shipments.
