TOKYO -- Japanese trading house Mitsui & Co. has signed a memorandum of understanding with Petronas to study the possibility of storing industrial carbon dioxide emissions off the coast of the Malay Peninsula, the Malaysian state oil and gas company said Wednesday.
Waters near the peninsula are easily accessible by ship from East Asia. CO2 emitted by factories and power plants in Japan, South Korea and Taiwan could be transported to areas with underwater oil and natural gas fields for storage, taking advantage of the wealth of seafloor data and existing facilities from hydrocarbon projects.
