ASEAN CCS Updates 2024
Key Regulatory Developments
Indonesia
- Presidential Regulation (PR) No. 14 of 2024: Officially ratified on February 21, 2024, this regulation provides a comprehensive framework for CCS activities across the country. It defines key terms such as Carbon Capture, Transport, Injection, and Storage, and establishes guidelines for conducting CCS and CCUS in cooperation contract areas.
- Technical Standards: On June 6, 2024, the National Standardisation Agency of Indonesia (BSN) and the Indonesia Carbon Capture and Storage Centre (ICCSC) discussed 8 out of 13 ISO/TC 265 standards related to CCS. Additionally, 4 other standards under the scope of Carbon Economic Value (NEK) were adopted as Indonesian National Standards (SNI).
Malaysia
- Standalone CCUS Bill: Introduced on May 21, 2024, this bill aims to establish a comprehensive legal framework for CCUS. The bill will be administered by a federal governance body alongside a technically competent entity. Malaysia is also working on bilateral agreements to position itself as a regional CCS hub.
Collaborative Initiatives
- Singapore and Japan: Signed a Memorandum of Cooperation (MOC) to collaborate on CCS initiatives on the sidelines of the 2nd Asia Zero Emissions Community (AZEC) Ministerial Meeting in Jakarta, Indonesia.
- Singapore and Indonesia: Signed a Letter of Intent (LOI) for cooperation in cross-border CCS, aiming to achieve net-zero emissions by 2050.
- Malaysia: Developing a comprehensive legal framework for CCUS, with initial CO2 storage activities focusing on offshore areas and feasibility studies for onshore storage.
Industry Developments
- Thailand: Drafted a framework for regulating CCS, with the Prime Minister approving the National Energy Development Strategy to 2030, with a vision to 2045. The strategy includes transitioning from fossil fuels to renewable energy and promoting carbon capture technology.
- Vietnam: Issued Decision No. 215/QĐ-TTg of 2024, approving the National Energy Development Strategy to 2030, with a vision to 2045. The strategy focuses on transitioning from fossil fuels to renewable energy and promoting the application of CCS technology.
Supporting International Standards
- BSN and ISO/TC 265: BSN adopted four ISO standards related to CCS into Indonesian National Standards (SNI), and eight draft international standards from ISO/TC 265 were discussed during the 18th Plenary Meeting.
These developments highlight the growing importance of CCS in ASEAN countries, with a focus on regulatory frameworks, technical standards, and collaborative initiatives aimed at achieving net-zero emissions.