PETRONAS and JAPEX to collaborate on CCS opportunities
PETRONAS has signed a Memorandum of Understanding (MoU) with Japan Petroleum Exploration Co., Ltd (JAPEX) to collaborate on carbon capture and storage (CCS) opportunities, including carbon dioxide (CO2) storage solutions in Malaysia.
Under the MoU, PETRONAS and JAPEX will perform technical maturation activities to unlock potential CCS solutions, which includes evaluating optimal capture, storage and transport methods, as well as estimating emissions. , capture volumes and CO monitoring methods2 stored underground. This joint study will examine methods for capturing and transporting CO2 from the PETRONAS LNG complex in Bintulu and from outside Malaysia as a future possibility.
Upstream Executive Vice President and General Manager Adif Zulkifli signed the MoU on behalf of PETRONAS, while JAPEX was represented by Representative Director and Executive Vice President Kazuhiko Ozeki. The signing took place in the presence of the representative of the Japanese Ministry of Economy, Trade and Industry, Takeshi Soda, and the head of the CCS enterprise unit of PETRONAS, upstream, Nora’in Md Roomh.
Adif said, “We look forward to our partnership with JAPEX to position Malaysia as one of the leading centers for CCS solutions in the region. This collaboration enables PETRONAS to leverage JAPEX’s experience in the Tomakomai CCS demonstration project, the first full-chain CCS project in Japan, led by Japan CCS Co., Ltd. We are confident that he will make valuable contributions to the technical maturation study to unlock the potential CCS of the country.
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 gases produced by industrial processes such as steel and cement production or the combustion of fossil fuels, transported to places where they can be stored in geological repositories deep underground, thereby reducing emissions to the atmosphere.
This is part of PETRONAS’ deliberate steps in building a resilient and sustainable portfolio that supports the transition to a low-carbon future, through collaborative efforts with industry partners.
Read the article online at: https://www.hydrocarbonengineering.com/the-environment/02022022/petronas-and-japex-to-collaborate-on-ccs-opportunities/