Japan to discuss carbon storage with Malaysia: Nikkei

JAPAN will start talks to store its captured carbon dioxide in Malaysia, the Nikkei newspaper reported, without saying where it obtained the information. 

Economy minister Yasutoshi Nishimura is expected to meet executives of Malaysia’s state-run oil company Petronas at a conference starting on Monday (Sep 25) in Japan, and sign a memorandum of the project.

It is the first attempt by Japan to transport and store emissions overseas, and is aimed at starting in 2028.

Japan is seeking to become carbon neutral by 2050. The plan is to store 120 million tonnes to 240 million tonnes of carbon dioxide per year underground, which is 10 per cent to 20 per cent of current output, Nikkei said. BLOOMBERG