HIROSHIMA, Oct 6 (Bernama) — PETRONAS recently signed a Memorandum of Cooperation (MoC) with Japan’s Ministry of Economy, Trade and Industry (METI) and Japan Organization for Metals and Energy Security (JOGMEC) to strengthen collaboration on cross-border CO₂ transportation from business to business for Carbon Capture and Storage (CCS) projects.
CCS is one of the solutions to significantly reduce CO₂ emissions into the atmosphere. However, as suitable storage sites are not available in all regions, cross-border CO₂ transportation is required to enable regional collaborations to achieve attainable and significant affect.