Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The ASEAN region is actively advancing carbon capture and storage (CCS) initiatives, with various countries implementing policies and partnerships to enhance their carbon markets and support low-carbon technologies [8][10][13][18][30]. Summary by Relevant Sections Brunei - Brunei is positioning sustainable methanol as a key component of its low-carbon strategy, focusing on carbon capture and utilization to support energy transition and economic diversification [8][36]. - The Brunei Methanol Company is exploring the use of captured CO₂ and hydrogen for methanol production, with potential applications in low-carbon marine and aviation fuels [38][40]. Indonesia - Indonesia has reopened its international carbon trading market with Presidential Regulation No. 110/2025, allowing CCS/CCUS projects to monetize captured CO₂ [10][43][44]. - A strategic collaboration between PT Samator Indo Gas Tbk and Institut Teknologi Bandung aims to advance CCS technologies, focusing on liquid CO₂ infrastructure and applied research [12][50]. Malaysia - Malaysia and Japan signed a Memorandum of Cooperation to explore cross-border CCS projects, facilitating future collaborations in carbon capture and storage [14][55]. - PETRONAS has received the first offshore assessment permit for CCS in Malaysia, allowing geological assessments for potential CO₂ storage sites [16][64]. Philippines - The Philippines' Department of Energy issued guidelines for carbon credit generation and trading, establishing a framework for CCS/CCUS activities to generate Carbon Credit Certificates [19][71]. - An Energy Partnership MoC between the Philippines and Japan includes CCUS as a key area for collaboration to support low-carbon energy transition [21][75]. Singapore - YTL PowerSeraya is conducting dual pre- and post-combustion carbon capture studies for a hydrogen-ready power plant, marking significant advancements in CCS technology in Singapore [24][80]. Thailand - Mitsui & Co. has joined PTTEP to advance Thailand's first CCS project at the Arthit Gas Field, which aims to store up to 1 million tons of CO₂ annually [26][89]. - Technip Energies has secured an engineering contract for the CCS project at the Arthit Field, focusing on CO₂ injection facilities [28][91]. Vietnam - A consortium including ENEOS Xplora and Petrovietnam signed an MoU to develop a full CCS value chain in Vietnam, focusing on CO₂ capture, transport, and storage [30][100].