Mitsui collaborates with Chugoku for CCS value chain in Malaysia

Mitsui & Co., a prominent Japanese trading company, on February 19 announced the signing of a memorandum of understanding (MoU) with Chugoku Electric Power to conduct a joint study for the development of a value chain encompassing carbon capture and storage (CCS) and carbon transportation.

This joint initiative is focused on creating a value chain for a CO2 storage site located offshore Malaysia. The site is a collaborative effort involving Mitsui, Malaysian state energy company Petronas, and French energy company TotalEnergies.

The study will explore various aspects of the CCS value chain, including the separation, capture, liquefaction, and temporary storage of CO2 emitted from a coal-fired thermal power plant operated by Chugoku Electric Power. The liquefied CO2 will then be transported to the offshore storage site in Malaysia. Additionally, the study will investigate the permanent geological storage of CO2 and the use of floating offshore temporary storage facilities.

Mitsui, Petronas, and TotalEnergies initiated the joint development of the CO2 storage site in offshore Malaysia in June 2023. The collaborative effort aims to commence the storage of CO2 by approximately 2030