Japan Petroleum Exploration (JAPEX) has signed a MoU with JGC Holdings Corporation (JGC), and Kawasaki Kisen Kaisha, (“K” Line) for a joint study for Carbon Capture Storage (CCS) in Malaysia, according to “K” Line’s press release.
JAPEX had earlier signed an MoU with Petroliam Nasional Berhad (PETRONAS), a global energy and solutions partner and ranked amongst the largest corporations in the Fortune Global 500 in January 2022.
In the joint study, investigations into suitable sites for CO2 storage in Malaysia will be conducted, followed by technical evaluations, with an aim for the investigations to be completed in 20 months. Also to be included in the study are considerations of methods to capture and transport CO2 from the PETRONAS LNG Complex located in Bintulu, Sarawak, and from outside Malaysia, as a future possibility.
To promote the conceptual studies conducted by PETRONAS and JAPEX, the joint study welcomes two companies, JGC and “K” LINE, which specialises in plant engineering and marine energy transportation as well as offshore operations.
PETRONAS, along with JAPEX, JGC, and “K” LINE, will collaborate in evaluating CO2 storage technologies, storage capacity and optimal storage methods, optimal capture and transportation options – including estimation of emissions and capture volumes – as well as monitoring the method of CO2 storage underground. The economic evaluation, study of feasible business schemes, and research of applicable regulations, will also be conducted in the joint study.
For more information visit www.japex.co.jp