[Petronas, Total Energy and Mitsui & Co. signed a joint venture agreement to promote the construction of a carbon storage center in southern Malaysia] On October 23, Petronas, Total Energy and Mitsui & Co. announced the signing of a joint venture agreement to jointly develop an offshore carbon dioxide storage area in Peninsular Malaysia as an important part of the carbon capture and storage (CCS) center in southern Malaysia. The first phase of the project plans to utilize a depleted gas field offshore Peninsular Malaysia and is expected to inject up to 5 million tons of carbon dioxide per year, with the goal of starting injection as early as 2031. The three parties will establish a special joint venture company to promote project development, commercialization and operation, and further improve the technology and business plan before the final investment decision.