(Bloomberg) -- Japan will start talks to store its captured carbon dioxide in Malaysia, the Nikkei newspaper reported, without saying where it obtained the information. 

• Economy minister Yasutoshi Nishimura is expected to meet with executives of Malaysia’s state-run oil company Petronas at a conference starting Monday in Japan, and sign a memorandum of the project
• It’s the first attempt by Japan to transport and store emissions overseas, and is aimed at starting in 2028
• Japan is seeking to become carbon neutral by 2050. The plan is to store 120 to 240 million tons of CO2 per year underground, which is 10% to 20% of current output, Nikkei said

©2023 Bloomberg L.P.