Japan Petroleum Exploration Co., Ltd. (JAPEX) has signed a Memorandum of Understanding (MoU) with JGC Corporation (JGC), and Kawasaki Kisen Kaisha, Ltd. (K Line) on a joint study for Carbon Capture Storage (CCS) in Malaysia.
JAPEX had previously signed an MoU with Petroliam Nasional Berhad (Petronas), a global energy and solutions partner.
In the joint study, investigations of suitable sites for CO2 storage in Malaysia and their technical evaluations are being conducted, aiming to be completed in 20 months.
The project includes consideration 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.