Japanese firms have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy company Petronas which should begin commercial operations by the end of 2028, Japan Petroleum Exploration Co (JAPEX) said on November 20.
Japan targets to be carbon-neutral by 2050 and is actively developing renewable and alternative energy sources from hydrogen and ammonia to solar and wind power, with CCS technology also playing a key role in its transition strategy.
Japan Petroleum Exploration Co is developing the CCS project with JGC Holdings Corpp and Kawasaki Kisen Kaisha as well as state-controlled Petronas.
