PETRONAS, Jera to explore feasibility of carbon capture

PETRONAS is championing CCS as a key solution in addressing emissions from its operations as well as other industries.

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS), through its subsidiary PETRONAS CCS Solutions Sdn Bhd (PCCSS), has signed a joint study agreement with Jera Co Inc (Jera) to evaluate the feasibility of the entire carbon capture and storage (CCS) value chain.

This will include separation and capture of carbon dioxide emitted by Jera in Japan, cross-border transportation and storage in Malaysia. Jera is Japan’s largest power generation company.

This agreement will strengthen the collaboration and contribute towards building a global network for cross-border carbon dioxide transport and storage.

The agreement represents a notable stride forward in efforts to reduce greenhouse gas emissions in the Asia-Pacific region, especially in Malaysia and Japan.

PCCSS chief executive officer Nora’in Md Salleh said the agreement signifies a pivotal step towards enhanced collaboration with an important partner.

“This spirit of collaboration will speed up progression and enrich CCS delivery by leveraging the vast experiences of the two organisations.

“This is in line with PETRONAS’ commitment to accelerating the development of prominent CCS hubs in Malaysia, for the region,” she said in a statement yesterday.

PETRONAS is championing CCS as a key solution in addressing emissions from its operations as well as other industries.

Recognising the importance of regional collaboration in addressing climate change, PETRONAS continues to form strategic collaborations as part of its deliberate steps in building a resilient and sustainable portfolio, while accelerating its Net Zero Carbon Emissions by 2050 initiative. — Bernama