JGC, K Line join CCS study in Malaysia
SUMMARY
The duo will work with Japex and Petronas.
By Shardul SharmaPOSTED IN:
Japan Petroleum Exploration Co. (Japex) has signed an MoU with JGC Corporation, and Kawasaki Kisen Kaisha (K Line) on a joint study for carbon capture storage (CCS) in Malaysia, the companies said on July 29 in a joint statement. Japex had earlier signed an MoU with Malaysian state energy company Petronas in January this year.
The companies will look for suitable sites for CO2 storage in Malaysia and technically evaluate them. They are aiming to complete the exercise in 20 months. This project includes the study of methods to capture and transport CO2 from the Petronas LNG complex located in Bintulu, Sarawak and from outside Malaysia as a future possibility.
Petronas along with Japex, JGC, and K Line, will collaborate in evaluating CO2 storage technologies such as calculation of storage capacity and optimal storage methods, optimal capture and transportation options including estimation of emissions and capture volumes, as well as monitoring the method of CO2 storage underground.
The economic evaluation, study of feasible business schemes, and research of applicable regulations will be done in the joint study, the companies said.
