ENEOS, JX Nippon, Mitsubishi Corporation and PETRONAS to Evaluate and Establish CCS Value Chains from Tokyo-Bay to Malaysia
03.08.2024 By Tank Terminals - NEWS

March 8, 2024 [Storage Terminals Magazine]- ENEOS, JX Nippon, Mitsubishi Corporation, and PETRONAS CCS Solutions Sdn Bhd, a subsidiary of PETRONAS, have taken a significant step towards addressing carbon emissions by signing a Memorandum of Understanding on March 1st.

 

This collaborative effort aims to explore carbon capture and storage solutions, particularly focusing on establishing potential CCS value chains from CO2 capture and accumulation in Tokyo Bay to CO2 storage in Malaysia.

The study, outlined in the MoU, will encompass various aspects, including CO2 capture from multiple industries in the Tokyo-Bay area, equipment requirements, CO2 transportation, identification of storage sites, CCS business feasibility, and relevant legislation in Japan and Malaysia. It is anticipated that approximately three million metric tonnes of CO2 emissions will be captured and stored annually in the region.

Each company in the collaboration brings specific expertise and responsibilities to the table:

  • ENEOS will spearhead the separation and capture of CO2 emitted from refineries, oversee CO2 accumulation, manage liquefied CO2 transport, construct value chains, and engage with governmental entities.
  • JX Nippon will focus on the development and evaluation of CCS storage sites in Malaysia, including securing storage locations and assessing cost effectiveness.
  • Mitsubishi Corporation will play a pivotal role in CO2 accumulation, liquefied CO2 transport, value chain construction, and governmental engagement.
  • PETRONAS CCS Solutions (PCCSS) will be responsible for CO2 storage at CCS storage sites in Malaysia, manage liquefied CO2 transport, and engage with the Malaysian government.

By leveraging the collective expertise of these industry leaders, the collaboration aims to advance CCS technology and contribute to global efforts to mitigate carbon emissions. This initiative underscores the commitment of these companies towards sustainable development and combating climate change on a global scale.

 

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