KUALA LUMPUR (April 2): Petroliam Nasional Bhd (Petronas) is working with Japan power generation company Jera Co Inc to evaluate the feasibility of the entire carbon capture and storage (CCS) value chain including separation and capture of carbon dioxide (CO2).
The tie-up is meant to deal with CO2 emitted by Jera in Japan, cross-border transportation, and CO2 storage in Malaysia, said Petronas in a statement on Tuesday.
Petronas, through its subsidiary Petronas CCS Solutions Sdn Bhd (PCCSS), recently signed a joint study agreement (JSA) with JERA for the collaboration.
The national oil company said this agreement will strengthen the collaboration and contribute towards building a global network for cross-border CO2 transport and storage, representing a notable stride forward in efforts to reduce greenhouse gas emissions in the Asia Pacific region, especially in Malaysia and Japan.
PCCSS chief executive officer Nora’in Md Salleh said this agreement signifies a pivotal step towards enhanced collaboration with an important partner.
“This spirit of collaboration will speed up progression and enrich CCS delivery by leveraging the vast experiences of the two organisations. This is in line with Petronas' commitment in accelerating the development of prominent CCS hubs in Malaysia, for the region,” she said.