Japanese Firms and Malaysia's Petronas Collaborate to Establish CO2 Storage by End-2028
Feb 16,2024 | DAXTROMNSOLAR
Japanese companies, together with Malaysia's national oil company Petronas, have announced a partnership to develop carbon dioxide (CO2) storage facilities in Malaysia. This initiative aims to support the country's commitment to reducing greenhouse gas emissions and combatting climate change.
The partnership involves Mitsubishi Corporation, Tokyo Gas, and Petronas collaborating to establish facilities capable of capturing and storing CO2 emissions, mostly from industrial plants and power generation. The project's target is to commence operations by the end of 2028.
This collaboration aligns with both the Japanese and Malaysian governments' efforts to promote carbon neutrality and achieve the goals set out in the Paris Agreement. The storage of CO2 is considered a crucial measure in mitigating climate change, as it helps prevent the release of harmful greenhouse gases into the atmosphere.
Moreover, this collaboration signifies a significant step towards international cooperation in addressing climate change. By pooling resources, knowledge, and technology, these companies aim to develop cutting-edge CO2 storage infrastructure that can serve as a model for other countries and contribute to the global fight against climate change.
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