Japan and Singapore formalized an agreement on August 21 to enhance their partnership in carbon capture and storage (CCS) initiatives. The Singaporean Ministry of Trade and Industry announced that the agreement was finalized during the second Asia Zero Emission Community ministerial gathering in Jakarta. The document was signed by Second Minister for Trade and Industry Tan See Leng and Japan’s Minister of Economy, Trade and Industry Ken Saito.
As part of its commitment to advancing CCS technology, Singapore is expanding its research and development efforts. The country also plans to collaborate with Indonesia on a cross-border CCS project, which will enable Singaporean companies to transport and store their carbon emissions in Indonesia.
ExxonMobil and Shell have partnered with Singapore to launch an innovative carbon capture and storage initiative, designed to significantly reduce the country’s carbon dioxide emissions. The three parties are already working via S Hub, a consortium that will be focused on assessing the feasability of carbon capture projects in terms of financing, locations and reliability of storage.
Relevant: Singapore, Indonesia Sign LOI On Cross-Border Carbon Capture
Japan faces a similar challenge to Singapore with a lack of enough CO2 storage capacity for its substantial economy which is still heavily reliant on fossil fuels.
The country recently announced it has nine CCS projects in the pipeline, five of which involve storing CO2 domestically, in places such as Hokkaido, the Sea of Japan, Greater Tokyo and Kyushu.
Read more: Japan Selects Nine Carbon Capture Projects For Development
