【东盟能源数据】东盟CCS更新-第2卷-2024.11_17页_16mb

ASEAN CCS Updates 2024 Vol. 2: August – November 2024

Core Content Overview

The ASEAN CCS Updates 2024 Vol. 2 highlights the progress and initiatives in Carbon Capture and Storage (CCS) and Carbon Capture, Utilisation, and Storage (CCUS) across the Association of Southeast Asian Nations (ASEAN) from August to November 2024. This document showcases the collaborative efforts among ASEAN member states, the role of international partners, and the development of legal and regulatory frameworks to support the deployment of CCS/CCUS technologies.

Main Points and Key Information

Regional Highlights

• 4th Asia CCUS Network Forum 2024 (August 15, 2024): Focused on enhancing joint ASEAN cooperation in CCS/CCUS, with discussions on legal frameworks, policy and economic aspects of Carbon Recycling (CCU), and collaboration with the Carbon Management Challenge.
• ASEAN CCS Deployment Framework and Roadmap: Emphasized the need for stronger policy and regulatory frameworks to attract investments and mitigate risks. A CCUS Working Group will be established to promote cross-border projects and knowledge exchange.
• ASEAN Summits (October 2024): Highlighted the importance of advancing CCUS technology as a key strategy for climate change mitigation, energy connectivity, and supporting a just transition.

Country Highlights

Indonesia

• Ministerial Regulation No. 13/2024: Introduced Gross Split Profit Sharing Contracts (PSC) for EOR and CCS/CCUS activities, which may lead to additional revenue-sharing arrangements.
• KEN Strategy (National Energy Policy): The Draft Government Regulation on the National Energy Policy (RPP KEN) has entered the harmonization stage and awaits presidential approval. CCS is highlighted as a key mitigation tool in power generation.
• CCS Projects: Includes the Sukowati CO2 Injection Pilot (with JOGMEC), Minas Field EOR Project, and the Tangguh Train 3 project. Discussions on standardizing CCS methods and establishing a national competence standard (SKKNI) for GHG project validators were held at COP29.
• BECCS (Bioenergy with Carbon Capture and Storage): The Ministry of Forestry showcased BECCS innovations for climate action, with a focus on the forestry and land use (FOLU) sector.

Malaysia

• CCUS Legislative Framework: The proposed framework will align with the Malaysia Agreement 1963 (MA63) discussions on state boundaries, ensuring clarity in federal and state responsibilities.
• Carbon Tax by 2026: Revenue from the carbon tax will be allocated to support research and development in decarbonisation technologies, including CCS and biochar solutions.
• CCUS Hub Ambition: Malaysia aims to become a global hub for CCUS by introducing a sustainable regulatory framework in Parliament this November. The government also plans to create over 200,000 jobs and generate US$250 billion in gross value over the next 30 years.
• Collaboration with Korea: Includes the Shepherd CCS Project, which will transport CO2 from Korea to Malaysia for storage.

Philippines

• MoU with Saudi Arabia (October 15, 2024): Signed an agreement to enhance cooperation in energy sectors, including oil and gas, petrochemicals, and circular carbon economy technologies.
• CCUS Projects: The P80-million Comprehensive Provincial Waste Management and Carbon Capture System Utilising Bio-Methanation No-Burn Project was launched to address waste management and reduce carbon emissions by producing biogas from organic waste.

Singapore

• EMA Grant Call (October 21, 2024): EMA announced a grant to support site-specific CCS feasibility studies, with a funding cap of S$350,000 or 50% of the study cost.
• Eligibility Criteria:
  • Must operate or plan to operate an H-class CCGT on Jurong Island or Tuas by 2035.
  • Completed pre-feasibility study (within 12 months) with technical and economic viability.
  • Minimum CO2 capture rate of 90%.
  • Must include AACE Class 5 cost and land footprint estimates.
• Flagship Project: A major project on Jurong Island is set to begin operations by 2030, targeting significant emissions reduction in industrial sectors.
• Collaboration with Indonesia: Singapore has expressed interest in investing in Indonesia’s CCS and CCUS projects, as noted in recent dialogues between the Prime Ministers of both countries.

Vietnam

• CCS Business Workshop (October 30, 2024): Held in Danang, organized by JOGMEC and PetroVietnam, with co-sponsorship from JX-NOEX. It was the first workshop in Vietnam focusing on the CCS business environment, discussing legal frameworks, business models, and public awareness strategies.
• Long-term Goals: Aim to launch CCS projects by the 2030s to support carbon neutrality.
• National Steering Committee: The Prime Minister emphasized the strategic role of CCUS in achieving Vietnam’s environmental goals and leading in sustainable energy and climate action in Southeast Asia.

Key Findings from Workshops and Collaborations

• Legal Frameworks: ASEAN countries need to establish robust legal and regulatory frameworks for CCS and CO2 cross-border transport to enable project development.
• Bilateral Collaboration: Model case studies and shared CO2 accounting standards are essential for promoting CCUS best practices.
• Public-Private Partnerships: Strong public-private collaboration and stakeholder engagement are crucial for successful CCS project implementation and public acceptance.
• Cross-border Transport: JOGMEC published a handbook on CO2 cross-border transport for the Asia-Pacific region, detailing legal frameworks, international standards, and individual projects to support this initiative.

Conclusion

The ASEAN CCS Updates 2024 Vol. 2 underscores the growing importance of CCS and CCUS in the region's strategy to combat climate change and promote sustainable energy development. With regulatory advancements, international collaborations, and project implementations, ASEAN is taking significant steps toward achieving its carbon neutrality goals and enhancing energy connectivity. The document highlights the need for continued efforts in policy development, legal harmonization, and stakeholder engagement to accelerate the adoption of these technologies across member states.