TAGS: Sustainability / Natural Coatings
PETRONAS, through its subsidiary PETRONAS CCS Solutions Sdn Bhd (PCCSS), signs a Joint Study Agreement (JSA) with JERA. It is to evaluate the feasibility of the entire carbon capture and storage (CCS) value chain. It includes separation and capture of carbon dioxide (CO2) emitted by JERA in Japan, cross-border transportation, and CO2 storage in Malaysia.
Strategic Reduction in GHG Emissions
The agreement will strengthen the collaboration and contribute towards building a global network for cross-border CO2 transport and storage.
The JSA represents a notable stride forward in efforts to reduce greenhouse gas emissions in the Asia Pacific region, especially in Malaysia and Japan.
“This 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 organizations. This is in line with PETRONAS' commitment in accelerating the development of prominent CCS hubs in Malaysia, for the region,” said Nora’in Md Salleh, chief executive officer, PCCSS.
PETRONAS is championing CCS as a key solution in addressing emissions from its operations as well as other industries. Recognizing 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 NZCE 2050 pathway.
Source: Petroliam Nasional Berhad (PETRONAS)