TOKYO : The Japanese government and Malaysia's state oil firm Petronas on Wednesday agreed to discuss how to export carbon dioxide emitted in Japan to storage sites in Malaysia as part of efforts to tackle climate change.
METI, the state-owned Japan Organization for Metals and Energy Security and Petronas signed a memorandum of cooperation on CCS on Wednesday with the aim of shipping CO2 from Japan as early as 2028. First, he said a regulatory framework was needed to enable private companies to make an investment decision on CCS, which removes CO2 emissions from the atmosphere and stores them underground. CCUS projects re-use the emissions rather than just store them.
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