Indonesia, Japan sign pact on CO2 transportation
SUMMARY
The memorandum of cooperation seeks to strengthen cooperation on cross-boundary CCS projects between Japan and Malaysia. [Image: Petronas]
By Shardul SharmaPetronas, Malaysia's national oil and gas company, has signed a memorandum of cooperation (MoC) with Japan's Ministry of Economy, Trade and Industry (METI) and Japan Organization for Metals and Energy Security (JOGMEC) to strengthen collaboration on cross-border CO2 transportation for carbon capture and storage (CCS) projects, it said on October 5.
The MoC seeks to strengthen cooperation on cross-boundary CCS projects between Japan and Malaysia, facilitate the exchange of key information on CCS between Petronas and relevant Japanese industries and explore CCS and related cooperation with partners including Japanese companies supported by JOGMEC.
CCS is a technology that captures CO2 from industrial processes and power generation, transports it to a secure storage site, and injects it deep underground. CCS is one of the key technologies that can help to reduce greenhouse gas emissions and mitigate climate change.
Malaysia has a number of potential CCS storage sites, while Japan is a major emitter of CO2. Cross-border CO2 transportation would allow Japan to store its CO2 in Malaysia, helping both countries to achieve their climate goals.
