ENEOS, JX Nippon, Mitsubishi Corporation and PETRONAS to Evaluate and Establish CCS Value Chains from Tokyo-Bay to Malaysia

ENEOS, JX Nippon, Mitsubishi Corporation, and PETRONAS CCS Solutions Sdn Bhd – an affiliate of Malaysian national oil company PETRONAS – have signed a Memorandum of Understanding on 1 March to jointly study carbon capture and storage (CCS).

The study will also look into the establishment of potential CCS value chains from CO2 capture and accumulation in Tokyo Bay, shipping, and CO2 storage in Malaysia.

Based on the Memorandum, the four companies will conduct research on the capture of CO2 emissions from multiple industries in Tokyo-Bay (Keihin and Keiyo areas), necessary equipment, CO2 transport, CO2 storage sites, CCS business feasibility and CCS-related legislation in Japan and Malaysia. 

The amount of CO2 to be captured and accumulated in the region is expected to be around three million tonnes per year.

The roles of the four companies are as follows:

ENEOS	Separation and capture of CO2 emitted from refineries, CO2 accumulation, liquefied CO2 transport, value chain construction, government engagement
JX Nippon	Development and evaluation of CCS storage sites in Malaysia (including securing storage sites and cost adequacy)
Mitsubishi Corporation	CO2 accumulation, liquefied CO2 transport, value chain construction, government engagement
PETRONAS CCS Solutions (PCCSS)	CO2 storage at CCS storage sites in Malaysia, liquefied CO2 transport, Malaysian government engagement