Japan and Malaysia Partner to Store Captured CO2 Underground in Climate Change Fight
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In a significant step towards combatting climate change, Japan and Malaysia have entered into talks aimed at storing captured carbon dioxide (CO2) in underground facilities in Malaysia. Officials from both nations, representing the Japan Organization for Metals and Energy Security (JOGMEC) and Malaysia's state oil firm, Petronas, sealed the deal by signing a memorandum of cooperation.
Japan's ambitious plan involves commencing the shipment of CO2 to Malaysia starting in 2028. Norihiko Saeki, the director of Japan's Ministry of Economy, Trade, and Industry, revealed that they have not yet established a specific target for the volume of CO2 to be transported. Instead, they prioritize the creation of a regulatory framework that would empower private companies to make informed investment decisions regarding Carbon Capture Storage (CCS).
CCS is a critical method employed by countries to reduce emissions. It involves capturing CO2 at its source, transporting it, and safely storing it deep underground. In essence, CCS contributes to the removal of CO2 directly or indirectly from the atmosphere.
This process can capture emissions from various sources, including power plants, natural gas processing facilities, and industrial processes. According to the London School of Economics, carbon capture, usage, and storage (CCUS) are vital in meeting global climate targets. Furthermore, once CO2 is separated, the remaining hydrogen-rich mixture can be used as fuel.
Fatih Birol, the executive director of the International Energy Agency (IEA), noted that there are more than 500 CCUS projects worldwide. However, these efforts are not sufficient to address the magnitude of the climate crisis. Birol stressed that these projects would only account for roughly one-third of the necessary actions.
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