TOKYO — Japan and Malaysia are closing in on an agreement to cooperate on the underground storage of carbon dioxide, Nikkei has learned, in a plan that would take the greenhouse gas produced in Japan and transport it in liquefied form to the Southeast Asian nation for storage, starting as early as 2030.
Parties including trading house Mitsui & Co. and Japanese compatriot Kansai Electric Power are working on the project with state-run Malaysian oil company Petronas. The plan is to inject the gas into large offshore gas fields once they are depleted.
