本作業の概要、参加9社の役割分担、ならびに各社の概要については、別紙を参照ください。September 13, 2024
Petroleum Development Corporation
JGC Holdings Corporation
Kawasaki Kisen Kaisha, Ltd.
JFE Steel Corporation
Mitsubishi Gas Chemical Company
Mitsubishi Chemical Corporation
Chugoku Electric Power Co., Inc.
Nippon Gasoline Co., Ltd.
PETRONAS CCS Ventures Sdn. Bhd.
The 8 Japan-side companies (hereinafter referred to as the "8 Japanese companies") including Japan Petroleum Exploration Co., Ltd. (hereinafter "JAPEX"), JGC Holdings Corporation (hereinafter "JGC HD"), Kawasaki Kisen Kaisha, Ltd. (hereinafter "Kawasaki Kisen"), JFE Steel Corporation (hereinafter "JFE Steel"), Mitsubishi Gas Chemical Company, Inc. (hereinafter "MGC"), Mitsubishi Chemical Corporation (hereinafter "Mitsubishi Chemical"), Chugoku Electric Power Co., Inc. (hereinafter "Chugoku Electric"), and Nippon Gasoline Co., Ltd. (hereinafter "NGL") signed a contract with Japan Oil, Gas and Metals National Corporation (JOGMEC) on September 11, 2024 regarding the commission of the design work and other related activities for the CCS (Note 1) project to inject and store CO2 emitted from multiple industries in the Seto Inland Sea area into the designated area off the coast of Sarawak, Malaysia.
The 8 Japanese companies will proceed with the study of the equipment and costs required for the separation, recovery, and liquefaction of CO2 emitted from steel plants, power plants, and chemical plants in Japan. Additionally, PETRONAS CCS Ventures Sdn. Bhd. (hereinafter "PCCSV") and the 8 Japanese companies (hereinafter the "participating 9 companies") as joint promoters of the project, will jointly proceed with the study of the equipment and costs required for maritime transportation to Sarawak, including inland shipping in the Seto Inland Sea area, as well as injection and storage.
Please refer to the attached document for an overview of the project, the roles and responsibilities of the participating 9 companies, and the overview of each company.
On September 22, 2023, JAPEX, JGC HD, Kawasaki Kisen, and PCCSV signed a Key Principles Agreement in Malaysia for the consideration of CCS project development, and on February 26, 2024, they signed a Storage Site Agreement with Petroleum Sarawak Berhad, the CO2 storage rights administrator for the State of Sarawak, for the implementation of CO2 injection and storage of emitted CO2 in Malaysia and CO2 recovered from outside Malaysia such as Japan, as well as the development plan for the storage site, including the preparation of transportation of CO2, onshore receiving terminals, pipelines, and the evaluation of its technical and commercial feasibility.
Additionally, on February 26, 2024, JAPEX, JGC HD, Kawasaki Kisen, JFE Steel, Chugoku Electric, and NGL signed a memorandum of understanding regarding the joint study of the CCS value chain starting from Japan for the CCS project in Malaysia. JFE Steel and Chugoku Electric Group are studying the separation, recovery, and liquefaction of CO2 emitted from steel plants and power plants in Japan owned by the two companies, as well as transportation by sea to Malaysia, including inland shipping in the Seto Inland Sea area, and acceptance, and storage, as well as the necessary equipment and cost for the construction of an entire value chain up to the storage. During their deliberations, MGC and Mitsubishi Chemical, both of which are proceeding with decarbonization studies for their own factories, have aligned their business directions, leading to the contract between the 8 Japanese companies and JOGMEC.
The 8 Japanese companies will promote the advancement of this work in order to achieve early implementation of the CCS project, contributing to the realization of the "Asia Energy Transition Initiative" (AETI) and the achievement of a carbon-neutral society by 2050, both of which are aimed at realizing a decarbonized society in the Asian region. (Note 5)
(Note 1) Abbreviation for Carbon Capture and Storage (CO2 capture and storage).
(Note 2) Press release dated November 20, 2023:
"Signed a basic contract with Petroliam Nasional Berhad (PETRONAS) for the consideration of CCS project development in Malaysia."
(Note 3) Press release dated February 29, 2024:
"Signed a CO2 storage site agreement with Petroliam Sarawak Berhad (PETROS) for the development of CCS project offshore Sarawak, Malaysia."
(Note 4) Press release dated February 26, 2024:
"China Power and Japan Gasline have newly joined the joint study of the CCS value chain construction from Japan to Malaysia for the CCS project development."
（注5）2021年5月に日本政府が発表したアジアの持続的な経済成長とカーボンニュートラルの同時達成に向けたイニシアティブ
【別紙1】本作業概要
1）本作業概要
貯留地域 | マレーシア サラワク州沖 |
貯留量 | 約190～2.9 millionトン/年（※） |
排出源 | Steel mills, power plants, and chemical plants in the Seto Inland Sea region. |
Transportation methods. | Pipelines, inland shipping vessels, and ocean shipping vessels. |
Business characteristics. | Promote a highly scalable regional project that connects a CO2 storage area with significant potential for injection to a wide range of industries in the Seto Inland Sea area through maritime transportation. |
*）The estimated storage capacity in the region's cross-section in 2030 is 5 million tons per year.
2) Role allocation of 9 participating companies.
JAPEX | Utilizing the experience and knowledge of each company in oil and natural gas exploration and development, CO2 sequestration, plant design and construction, and offshore transportation of liquefied CO2, joint technical and commercial studies on CO2 transportation and sequestration are conducted. |
JGC Holdings Corporation Unsponsored ADR | |
Kawasaki Kisen Kaisha, Ltd. | |
PCCSV (*) | |
JFE Steel Corporation | Consideration regarding the separation, recovery, liquefaction, and shipping facilities for CO2 emitted from our own business operations. |
MGC | Consideration regarding the separation and recovery facilities for CO2 emitted from our own business operations. |
Mitsubishi Chemical | Consideration regarding the separation and recovery facilities for CO2 emitted from our own business operations. |
Chubu Electric Power | Consideration regarding the separation, recovery, liquefaction, and shipping facilities for CO2 emitted from our own business operations. |
NGL | Consideration regarding the infrastructure for maritime transportation of liquefied CO2. |
（※）PCCSV participates as a co-promoter, not a contracting party.
[Attachment 2] Overview of 9 participating companies
Japan Petroleum Exploration Co., Ltd. (JAPEX)
Headquarters: Sapita Tower, 1-7-12 Marunouchi, Chiyoda-ku, Tokyo
Representative: Tetsuro Yamashita, President and Representative Director
JGC Holdings Corporation UnsponsoredADR (日揮ホールディングス)
Headquarters: 2-3-1 Minatomirai, Nishi-ku, Yokohama City,Kanagawa Prefecture
Representative: Masayuki Sato, Chairman and CEO
Kawasaki Kisen Kaisha, Ltd.
Headquarters: 1-1-1 Uchisaiwai-cho, Chiyoda-ku, Tokyo
Representative: President and CEO, Kouichi Akihime
PETRONAS CCS Ventures Sdn. Bhd.（PCCSV）(※)
Headquarters: Tower 1, PETRONAS Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur, Malaysia
Representative: Chief Executive Officer, Emry Hisham Yusoff
（※）PCCSV participates as a co-promoter, not a contracting party.
JFE Steel Corporation
Headquarters: 2-3, Uchisaiwai-Cho 2-Chome, Chiyoda-Ku, Tokyo, Japan
Representative: President and CEO, Masayuki Hirose
Mitsubishi Gas Chemical Co., Ltd. (MGC)
Headquarters: Marunouchi 2-chome, Chiyoda-ku, Tokyo, Mitsubishi Building
Representative: President and CEO, Masayuki Fujii
Mitsubishi Chemical Corporation
Headquarters: Marunouchi 1-chome, Chiyoda-ku, Tokyo, Palace Building
Representatives: President and CEO, Yasuo Shimohira, Representative Director, Nobuo Fukuda
Chugoku Electric Power Co., Inc.
Headquarters: Komachi 4-33, Naka-ku, Hiroshima, Hiroshima Prefecture
Representative: Ken Takeshi Nakagawa, President and Executive Officer
Japan Gasline Corporation (NGL)
Head Office: 4-12-7 Sanbancho, Matsuyama-shi, Ehime Prefecture
Representative: President and Representative Director, Yasuhiro Yumatsu
