JERA Co., Inc (“JERA”) recently signed a Joint Study Agreement (“JSA”) with Petroliam Nasional Berhad (PETRONAS), through its subsidiary – PETRONAS CCS Solutions Sdn. Bhd. (“PCCSS”), to evaluate the possibility of separating and capturing COemitted by JERA in Japan and then moving it to Malaysia for storage.
Carbon capture and storage (CCS) is an important solution for industries that struggle to reduce CO emissions. Governments worldwide actively support CCS projects and many initiatives are in progress, including in the Asia-Pacific region.
Malaysia has many suitable sites for underground CO storage. PETRONAS is experienced in CCS, with several projects in progress. Collaborating with PETRONAS can help establish a global network for transporting and storing CO across borders.
Under the JSA, JERA and PETRONAS will together assess feasibility along the entire CCS value chain, including separating and capturing CO emitted by JERA in Japan, transportation methods, and shipping/receiving conditions for cross-border CO transport, as well as storing CO in Malaysia's gas fields.
Under “JERA Zero CO Emissions 2050,” JERA has been working to achieve net-zero CO emissions from its domestic and overseas businesses by 2050. To advance CCS projects, we are accelerating our evaluation of CO capture and storage technologies and related economic considerations.
