Korea-Malaysia Public-Private Dream Team Discusses the Future of 'Carbon Capture'

On the 10th, 'Shepherd CCS Summit'
Keynote speeches by Samsung E&A and others
Presentation of 'CCS Project' and more

Global companies and government agencies will gather in one place to discuss the future of carbon capture and storage (CCS).

Schematic diagram of the Shepherd CCS project. [Photo by Samsung E&A]

On the 5th, Samsung E&A (formerly Samsung Engineering) announced that the 'Shepherd CCS Summit' will be held on the 10th at Hotel Shilla in Seoul. More than 60 organizations and 200 people, including global companies related to CCS and government agencies from Korea and Malaysia, will attend.

The event was organized to discuss ways to ensure the success and development of CCS, one of the core projects for achieving Nationally Determined Contributions (NDCs) for greenhouse gas reduction.

The summit keynote speeches will be delivered by Samsung E&A, Korea National Oil Corporation, Petronas, AspenTech, and others, introducing the global CCS market, outlook, and actual project cases.

In the panel discussion, the role and challenges of CCS for decarbonization of the domestic industry, as well as technology trends and developments, will be shared and discussed. Additionally, government speeches from Korea and Malaysia will present the CCS policies and roadmaps of both countries.

Shepherd CCS Project Reference Image. [Photo by Samsung E&A]

Particularly, the presentation related to the Shepherd CCS project is attracting attention. This project is a CCS business conducted by domestic and international companies including Samsung E&A, Samsung Heavy Industries, Lotte Chemical, SK Earthon, SK Energy, and Hanwha. It is a project that captures carbon in Korea and transports and stores it in Malaysia.

The feasibility study has been completed, and the project is preparing for the Pre-FEED (Pre-Front End Engineering Design) phase. The domestic hub and local storage site candidates have also been tentatively confirmed. It is expected that the two governments will officially begin inter-country transport discussions through this event.

A representative of the Shepherd CCS Summit said, "This meaningful event brings together global companies and government agencies for international CCS cooperation, and we expect it to be a place to find constructive and practical solutions." He added, "We will successfully commercialize the Shepherd CCS project and create a model case for global CCS projects."

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