Petronas is working with Japan Petroleum Exploration Co., Limited (JAPEX) to collaborate on carbon capture and storage (CCS) opportunities, including suitable carbon dioxide storage solutions in Malaysia.
With the collaboration, both parties will perform technical maturation activities to unlock potential CCS solutions, including evaluating optimal capture, storage, and transportation methods, as well as estimation of emissions, capture volumes, and monitoring methods of CO2 stored underground. This joint study will cover the consideration of methods to capture and transport CO2 from the Petronas LNG Complex in Bintulu and from outside Malaysia as a future possibility.
This collaboration allows Petronas to leverage JAPEX’s experience in the Tomakomai CCS Demonstration Project, Japan’s first full-chain CCS project, conducted by Japan CCS Co., Ltd.
CCS is a combination of existing technologies that capture and store CO2 deep underground, so it is not emitted into the atmosphere. CO2 is separated from the gases produced by industrial processes such as steel and cement production or from the burning of fossil fuels, transported to locations where it can be stored in geological repositories deep underground, in turn, reducing emissions into the atmosphere.