Japanese Government Plans to Bury CO2 in Malaysia by 2028

As part of measures to achieve decarbonization, the Japanese government intends to begin implementing a project to bury CO2 left by Japanese companies in Malaysia in 2028, the Nikkei newspaper reports.

Transporting CO2 in Liquefied Form

According to the newspaper, carbon dioxide will be transported to Malaysia in liquefied form by sea tankers.

Collaboration with Petronas

Representatives of the Japanese government expect to discuss this issue with the management of the Malaysian oil and gas company Petronas, whose gas fields can be used as landfills for this waste.

Reducing Carbon Dioxide Production

It is expected that with the help of underground storage facilities, Japan will be able to eliminate 10-20% of its carbon dioxide production. The country’s authorities intend to allocate about 4 trillion yen (about 26.9 billion dollars) for the implementation of this initiative over 10 years.

Japan’s Carbon Neutrality Goal

The Japanese government has set a goal to completely eliminate carbon dioxide emissions into the atmosphere from industrial and automobile vehicles by 2050. To do this, it is necessary to provide equipment that allows the capture and disposal of 120 million tons annually.

Experiments in Burying Carbon Dioxide

Experiments on burying carbon dioxide in underground layers have been carried out in Japan since 2016.

Source: TASS

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Robin Jackson is the editor-in-chief at 24PalNews. As an editor and author who covers business and finance, Robin shares the latest business news, trends, and insights with his extensive audience.

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