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.
Climate Change
Mitsui and Petronas to explore carbon storage off Malaysian coast
Companies will weigh shipping CO2 from East Asia to areas with offshore oil and gas fields
An oil rig off the coast of Johor, Malaysia. Areas with undersea oil and gas fields could be used for carbon storage. © Reuters
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