Malaysia’s Petronas Signs Deal with JERA to Study Carbon Capture and Storage

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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 feasibility of separating and capturing COemitted by JERA in Japan, and then transporting it to Malaysia for storage.

Carbon capture and storage (CCS) is a crucial solution for industries that have difficulty reducing CO2 emissions. Governments worldwide actively support CCS projects and numerous initiatives are underway including in the Asia-Pacific region. 

Malaysia has an abundance of potentially suitable sites for underground CO2 storage. PETRONAS has expertise in CCS, with multiple CCS projects underway. In moving forward, the collaboration with PETRONAS can help build a global network for cross-border CO2 transport and storage.

Under the JSA, JERA and PETRONAS will jointly examine feasibility across the entire CCS value chain, including the separation and capture of CO2 emitted by JERA in Japan, transportation methods and shipping/receiving conditions for cross-border CO2 transport, and storage of CO2 in Malaysia gas fields.

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Under “JERA Zero CO2 Emissions 2050,” JERA has been working to achieve net-zero CO2 emissions from its domestic and overseas businesses by 2050. To advance CCS projects, we are accelerating our evaluation of CO2 capture and storage technologies and related economic considerations.