PETRONAS and JERA to Explore Feasibility of the Entire CCS Value Chain Between Japan and Malaysia

Kuala Lumpur, 2  April 2024 – PETRONAS, through its subsidiary PETRONAS CCS Solutions Sdn Bhd (PCCSS), recently signed a Joint Study Agreement (JSA) with  JERA Co., Inc (JERA), to evaluate the feasibility of the entire carbon capture and storage (CCS) value chain including separation and capture of carbon dioxide (CO₂) emitted by JERA in Japan, cross-border transportation, and CO₂ storage in Malaysia.

This 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.   

PCCSS Chief Executive Officer, Nora’in Md Salleh said, “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 organisations. This is in line with PETRONAS' commitment in accelerating the development of prominent CCS hubs in Malaysia, for the region.

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 NZCE 2050 pathway.