State-backed Malaysian energy company Petronas has signed a pact with Baker Hughes to collaborate on technological developments supporting the energy transition.
The collaboration will advance Petronas’ ventures in delivering low-carbon energy options, namely in the fields of hydrogen, carbon capture, utilisation and storage (CCUS), digital solutions, as well as sustainability and emissions management, said the Malaysian company.
The memorandum of understanding, signed yesterday at ADIPEC in Abu Dhabi, outlines a framework in which both companies will combine their expertise to optimise sustainable delivery of energy offerings while leveraging on technology and digitalisation, said Petronas.
“The signing marks the continuation of synergy between the companies following an MoU signed in 2018, which brought notable improvements in robotics’ deployment, process safety, and plants’ digitalisation,” added Petronas.
“We believe that creating a sustainable future will require collaboration, partnership and commitment from all. We are delighted to continue strengthening our partnership with a reputable technology partner like Baker Hughes as we continue on this energy transition journey,” said Petronas chief executive, Tengku Muhammad Taufik.