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PETRONAS, TotalEnergies and Mitsui Sign Carbon Storage Joint Venture Agreement at Japan CCUS Summit 2026
Major agreement signed in Tokyo marks an important milestone in advancing Malaysia’s carbon storage development and cross-border CCS collaboration in Asia-Pacific.
Tokyo, Japan | 19 October 2026 — A significant milestone in Asia-Pacific's carbon capture and storage (CCS) development was marked today at the Japan CCUS Summit 2026, organised by Leader Associates, as PETRONAS, TotalEnergies and Mitsui & Co., Ltd. signed Malaysia's Carbon Storage Joint Venture Agreement during a high-level signing ceremony in Tokyo.
The agreement was signed between PETRONAS CCS Ventures Sdn. Bhd., TotalEnergies EP CCS Malaysia and Mitsui & Co., Ltd., representing a further step in their ongoing collaboration to advance carbon storage infrastructure in Malaysia and support the development of regional CCS value chains.
Senior Industry Leaders Gather for the Signing Ceremony
The agreement was formally signed by three senior representatives:
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Suhaila Arshad, Head of Commercial and Business Development, Carbon Management, PETRONAS
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Arnaud Tual, CCS Director, Asia-Pacific, TotalEnergies
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Daiki Sato, General Manager, Carbon Solutions Business Division, Integrated Energy Solutions Business Unit, Mitsui & Co., Ltd.
The ceremony was witnessed by senior executives from all three organisations:
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Mohd Jukris Abdul Wahab, Chief Operating Officer and Executive Vice President & CEO, Upstream, PETRONAS
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Etienne Anglès d'Auriac, Vice-President, CCS Business Unit, TotalEnergies
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Eiji Yanagawa, Managing Officer and Chief Operating Officer, Integrated Energy Solutions Business Unit, Mitsui & Co., Ltd.
Their participation underscored the strategic importance of the partnership and the commitment of all three companies to advancing CCS development in the region.
Advancing Carbon Storage Collaboration in Asia-Pacific
The signing builds on the companies' earlier cooperation in developing carbon storage solutions in Malaysia, including the evaluation of potential storage sites and the development of commercial frameworks for carbon storage services.
As countries across Asia-Pacific pursue industrial decarbonisation, cross-border CCS infrastructure and international partnerships are becoming increasingly important in connecting industrial CO₂ emitters with suitable geological storage resources.
The agreement highlights the growing role of Malaysia in the regional carbon management landscape and the importance of collaboration between international energy companies in advancing commercially viable CCS infrastructure.
Japan CCUS Summit: Connecting Industry Leadership with Commercial Action
Held on 19–20 October 2026 at Hamamatsucho Convention Hall in Tokyo, the Japan CCUS Summit 2026 brings together senior government representatives, global energy companies, project developers, investors and technology providers to accelerate the commercial deployment of CCUS across Japan and the wider Asia-Pacific region.
Under the theme "From Blueprint to Bankable: Japan's CCUS Moment," the Summit focuses on translating policy ambitions, industry partnerships and technical developments into investment-ready projects and scalable infrastructure.
The signing of Malaysia's Carbon Storage Joint Venture Agreement represents an important highlight of this year's Summit, demonstrating how international industry gatherings can provide a platform for substantive commercial collaboration.
For Leader Associates, hosting this significant agreement reflects its commitment to connecting global energy leaders, fostering strategic partnerships and supporting tangible progress in the energy transition.
Leader Associates extends its congratulations to PETRONAS, TotalEnergies and Mitsui & Co., Ltd. on this important milestone.
About Japan CCUS Summit 2026
The Japan CCUS Summit 2026 is an international platform dedicated to advancing carbon capture, utilisation and storage through policy dialogue, technology innovation, investment and industry collaboration. Organised by Leader Associates, the Summit takes place on 19–20 October 2026 in Tokyo, Japan.
Official Website: www.japanccussummit.com
About Leader Associates
Leader Associates is an international organiser of high-level energy transition summits and exhibitions, bringing together governments, industry leaders, investors and technology providers to accelerate the development of clean energy and low-carbon infrastructure worldwide.
Our Mission: Accelerating the Clean Energy Transition.