Petronas, JERA partner for CCS study

Offshore staff

KUALA LUMPUR, Malaysia — Petronas CCS Solutions has signed an agreement with Japan’s JERA to assess the feasibility of developing a comprehensive carbon capture and storage (CCS) value chain.

This would involve separation and capture of CO₂ emitted by JERA in Japan, followed by cross-border transportation and CO₂ storage in Malaysia.

Petronas also signed a memorandum of cooperation in October 2023 with Japan’s Ministry of Economy, Trade and Industry (METI) and the Japan Organization for Metals and Energy Security (JOGMEC) to strengthen collaboration on cross-border CO₂ transportation from business to business for CCS projects.

Moreover, Petronas signed a development agreement in June 2023 with TotalEnergies Carbon Neutrality Ventures and Mitsui & Co. Ltd. to jointly pursue a CCS project in Malaysia. The agreement will take forward the initiatives outlined in the respective memoranda of understanding signed by Petronas, TotalEnergies and Mitsui in 2022.

Also for the Malaysia region, Petronas signed two project development agreements with ExxonMobil Exploration and Production Malaysia Inc. in early 2023 to jointly pursue CCS activation projects in Malaysia.

In addition, JERA and Chevron New Energies signed a memorandum of understanding in March 2023 that provided a framework for their collaboration on CCS projects located in the US and Australia. 

04.02.2024