Inspenet, November 21, 2023.
Japanese companies have agreed to collaborate on the development of a carbon capture and storage (CCS) project alongside Malaysian energy company Petronas. This project is expected to begin containing its first carbon dioxide (CO 2 ) emissions from the end of 2028, as reported by Japan Petroleum Exploration Co.
This effort aligns with Japan’s goals of achieving carbon neutrality by 2050, being part of its comprehensive strategy that includes the development of renewable and alternative energy sources, from hydrogen and ammonia to solar and wind energy. Japan Petroleum Exploration Co (JAPEX) is carrying out the CCS project in collaboration with JGC Holdings Corp, Kawasaki Kisen Kaisha (K Line) and state-owned Petronas.
The companies plan to begin initial engineering design next year to inject and store CO 2 from Japan and Malaysia in depleted oil and gas fields off the coast of Malaysia, the statement said.
Although JAPEX did not provide a cost estimate, it was mentioned that at least 2 million metric tons of CO are planned to be injected2 per year initially, rising to 5 million tonnes annually by the end of this decade and exceeding 10 million tonnes by the early 2030s.
Earlier this year, Japan set an annual CO storage capacity target2 between 6 and 12 million tonnes by 2030, as part of a long-term roadmap for carbon capture and storage (CCS), which seeks to eliminate CO emissions2 from the atmosphere and store them underground.
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