Japex, Petronas plan CCS projects in Malaysia
SUMMARY
Japex and Petronas will conduct an investigation of suitable sites for CO2 storage and technical evaluations in Malaysia for approximately 20 months.
By Shardul SharmaPOSTED IN:
Japan Petroleum Exploration (Japex) and state-run Petronas have agreed to conduct a joint study for carbon capture and storage (CCS) in Malaysia, the Japanese company said on January 27.
According to the memorandum of understanding signed between the two companies, Japex and Petronas will conduct an investigation of suitable sites for CO2 storage and technical evaluations in Malaysia for approximately 20 months.
They will also study methods to capture and transport CO2 from the Petronas LNG complex located at Bintulu and from outside Malaysia as a future possibility. This study will include evaluations of storage capacity and technologies such as optimal storage methods, optimal capture and transportation methods including estimation of emissions and capture volumes, and monitoring method of CO2 stored underground.
The Japanese government last May announced the Asia Energy Transition Initiative (AETI) that aims to support the achievement of sustainable economic growth and carbon neutrality in Asia.
“Japex aspires to explore the potential of its competitive CCS technologies application in the effort to realize AETI's goal of promoting decarbonisation efforts within the region,” it said.
