Japanese upstream firm Japex (Japan Petroleum Exploration Co.) and Malaysia’s state-owned oil/gas firm Petronas are to study the potential for carbon capture and storage (CCS) in Malaysia, as part of their respective countries’ efforts towards achieving a carbon neutral society.
The companies recently signed an agreement on a joint CCS study taking around 20 months, to discuss suitable storage sites in Malaysia for carbon dioxide (CO2) emitted from Petronas’ Bintulu LNG complex in Sarawak, as well as that delivered from outside Malaysia.
The project includes studies on CCS technology, such as storage capacity, CO2 capture and transportation and monitoring methods of CO2 stored underground. The companies will also explore the economic efficiency and legal aspects of projects, looking to future demonstration ventures and commercialisation.
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.