MISC Berhad has teamed up with Mitsui & Co, Samsung Heavy Industries (SHI) and Austrian industrial solutions giant Andritz to collaborate on carbon capture solutions for the shipping industry.

The Malaysian shipping heavyweight on Wednesday signed memorandums of understanding (MoUs) with the three companies to explore opportunities for carbon capture and storage solutions in the maritime value chain which include identifying storage hubs, and the development of floating solutions and carbon capture parts and equipment.

MISC’s president and group chief executive officer, Captain Rajalingam Subramaniam said carbon capture and storage technologies as well as related infrastructure, are pivotal measures to support and accelerate the transition towards a low-carbon future.