Japan Petroleum Exploration Co., Ltd (JAPEX), JGC Holdings Company (JGC HD), Kawasaki Kisen Kaisha, Ltd (Okay LINE), and JFE Metal Company have agreed to conduct a joint analysis which goals to ascertain a carbon seize and storage (CCS) worth chain originating from Japan. This endeavour aligns with Malaysian joint-study on CCS with Petroliam Nasional Berhad (PETRONAS), and concluded a memorandum of understanding (MoU) among the many 4 corporations on 19 June 2023.
The joint-study lined quite a few topics, together with the localisation of appropriate websites for carbon dioxide (CO2) storage in Malaysia
and their technical evaluations, CO2 seize and transportation from the PETRONAS’
LNG complicated in Bintulu, and the potential of transportation from outdoors Malaysia.
As a part of the research, the three corporations additionally labored on the investigation
of potential candidate emitters, contemplating CO2 transportation
from Japan. The 4 corporations have discovered that the longer term path of the research
aligns with the considered one of JFE Metal,
which has been contemplating the discount of CO2 emission from their operations.
Due to this fact, the 4 corporations signed the MOU to conduct the analysis.
By the institution of the worldwide CCS worth chain by means of the analysis,
JAPEX, JGC HD, “Okay” LINE, and JFE Metal goals to contribute for the realisation of
carbon neutrality by 2050, together with the realisation of de-carbonised society in Asia focused by Asia Power Transition Initiative (AETI).
The 4 corporations intention to ascertain the CCS worth chain,
from CO2 separation and seize at JFE’s steelworks, to marine transportation of
liquefied CO2 to the receiving level(s) in Malaysia, together with estimation of required amenities and prices. The Analysis can even be appropriately aligned with the
research of CO2 receipt and storage in Malaysia throughout the scope of the research with PETRONAS.
Learn the article on-line at: https://www.lngindustry.com/special-reports/19062023/japanese-partnership-targets-the-creation-of-ccs-value-chain-originating-in-japan/