Joint Study Agreement with PETRONAS to Explore Feasibility of the Entire Carbon Capture and Storage Value Chain between Japan and Malaysia2024/04/02

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 CO₂ emitted 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.

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.