Malaysia’s Petronas signs with JERA to study carbon capture and storage

By Roushni Nair2 Apr 2024Reuters1 Mins read97

FILE PHOTO: Petronas logos are pictured at a fuel station in Serdang, Malaysia March 4, 2021. The company signed a joint study agreement with Japanese power generation company JERA to evaluate the feasibility of the carbon capture and storage. REUTERS/Lim Huey Teng/File Photo

Malaysian state-run energy firm Petronas said on Tuesday it has signed a joint study agreement with Japanese power generation company JERA to evaluate the feasibility of the carbon capture and storage (CCS) value chain.

The study will evaluate separation and capture of carbon dioxide (CO2) emitted by JERA in Japan, cross-border transportation, and CO2 storage in Malaysia.

The company did not disclose financial details of the agreement.

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The partnership was made in an effort to reduce greenhouse gas emissions in the Asia Pacific region, especially in Malaysia and Japan, Petronas said in a statement.

The company is also considering new investments in the Atlantic Basin for its liquefied natural gas business, according to statements by a senior executive last month.

(Reporting by Roushni Nair in Bengaluru; Editing by Varun H K)