Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 24 October 2022, 11:15 HKT/SGT
Share:
    

Source: Mitsubishi Heavy Industries, Ltd.
Three Partners to Jointly Undertake Proof of Concept (PoC) Applying "CO2NNEX", a Digital Platform for CO2 Accounting across its Supply Chain for Synthetic Methanes

TOKYO, Oct 24, 2022 - (JCN Newswire) - Osaka Gas Co., Ltd., Mitsubishi Heavy Industries, Ltd. (MHI), and IBM Japan, Ltd. have agreed to jointly conduct a Proof of Concept (PoC) of a system enabling visualization of the environmental value of synthetic methane, in the context of carbon dioxide (CO2) emissions across the entire supply chain. The system will make use of CO2NNEX, a digital platform for visualizing the CO2 supply chain being developed by MHI and IBM Japan targeted at visualization and optimization of synthetic methane's environmental value. In undertaking the PoC, the three partners will also exchange views with the Japan Gas Association, Tokyo Gas Co., Ltd., Toho Gas Co., Ltd., and INPEX Corporation aiming for increased adoption of synthetic methane and the establishment of its environmental value.


Today, discussions are underway concerning methods for counting and using CO2 in the context of CCU (carbon dioxide capture and utilization: with the captured CO2 used in the manufacture and usage of fuels, chemicals, building materials, etc.), including methanation, and studies are going forward into the application of the accounting methods to the use of synthetic methane, which is seen as a recycled-carbon fuel. The PoC to be jointly implemented is an initiative aimed at visualizing CO2 emission volumes across the entire supply chain, from synthetic methane's production to supply and combustion. The results of the PoC are expected to be useful for achieving visualization of the CO2 supply chain within CCU, setting CO2's trading methods, transferring its environmental value, and estimating the carbon footprint of synthetic methane supply recipients.

CO2NNEX is a digital platform created for CCUS (CO2 capture, utilization and storage) aimed at connecting CO2-related ecosystems and accelerating the expanded use of environmental value. Under the current initiative, CO2NNEX will be applied to visualize original information on CO2 and hydrogen - the materials from which synthetic methane is made - and the CO2 emission volumes generated throughout synthetic methane's lifecycle, from production to transport, supply and combustion. By providing this traceable data, a shared platform will be developed for realizing visualization of synthetic methane's environmental value. The project also aims to incorporate future enhancement of trade - for example, through transfer of synthetic methane's environmental values - and to develop a system to serve as an industry standard usable by other manufacturers of synthetic methane.

Today, a variety of demonstration projects relating to methanation are being planned, toward the production and widespread adoption of synthetic methane. Osaka Gas, MHI and IBM Japan, by applying the results of this PoC to future demonstrations of methanation, will contribute to achieving broad social adoption of synthetic methane and the realization of a carbon neutral society.

About CO2NNEX

CO2NNEX is a digital platform that provides transparency and flexibility in the CO2 supply chain and its environmental values in step with the rapid expansion of the value chain linking CO2 capture, storage and utilization, toward realizing a carbon neutral society. Actual CO2-related data is interconnected through IoT, and blockchain ensures advanced security with assured neutrality and fairness.

About methanation

Methanation is technology for synthesizing methane, a key component of natural gas from hydrogen and CO2. The resulting product is known as "synthetic methane." Use (combustion) of this synthetic methane results in no effective increase in CO2 for society as a whole because CO2, which is normally emitted into the atmosphere, is captured and recycled for use in making synthetic methane. Also, methanation is expected to be an economically efficient way of achieving carbon neutrality, with synthetic methane being distributed through the existing gas infrastructure and combusted in existing gas appliances, requiring no large-scale investment for constructing new energy systems or modifying the existing ones.

Concept of a shared platform applying CO2NNEX

A shared platform aims for quantification of synthetic methane's environmental values by quantitatively documenting information for tracking and managing CO2 emissions relating to the manufacture, supply (including transport) and usage of synthetic methane at multiple business operators and locations.

Osaka Gas

In January 2021 the Daigas Group announced its "Carbon Neutral Vision" for achieving carbon neutrality by 2050 through decarbonization of the component ingredients of city gas by methanation and other means, and of its power sources primarily through use of renewable energies. The company is also considering a number of methanation projects overseas - notably, in Australia, South America and Southeast Asia - in a drive to achieve broad adoption of methanation.

MHI

MHI Group is actively involved in programs targeting the realization of a carbon neutral society, and building a CO2 ecosystem is central to its energy transition initiative. As a global leader in CCUS, the company aims to accelerate this ecosystem development by seeking widespread adoption of related hardware as well as the CO2NNEX digital platform.

IBM Japan

Applying its experience in supporting numerous customers worldwide, IBM Japan looks to accelerate CO2NNEXT's development with its blockchain enabling data sharing with safety, transparency and outstanding reliability; its hybrid cloud technology for building an agile and flexible IT environment linking the cloud and existing systems; and its AI technology enabling visualization, automation and optimization of the value chain.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.


Topic: Press release summary
Source: Mitsubishi Heavy Industries, Ltd.

Sectors: Energy, Alternatives
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Mitsubishi Heavy Industries, Ltd. Links

http://www.mhi.com

https://www.mhi.com/rss/

https://www.facebook.com/mhi.ltd/

https://twitter.com/MHI_Group

https://www.youtube.com/user/DiscoverMHI

https://www.linkedin.com/company/mitsubishi-heavy-industries/

Mitsubishi Heavy Industries, Ltd.
Apr 18, 2024 16:01 HKT/SGT
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 12, 2024 13:39 HKT/SGT
Heidelberg Materials North America Announces Latest Milestone in Edmonton CCUS Project
Apr 11, 2024 17:08 HKT/SGT
MHIAEL Completes Expansion of the its Nagasaki Plant for Manufacture of Aero Engine Combustors
Apr 11, 2024 16:50 HKT/SGT
Mitsubishi Shipbuilding Acquires Approval in Principle (AiP) from Classification Society ClassNK for Ammonia Fuel Supply System (AFSS)
Apr 10, 2024 15:55 HKT/SGT
Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine
Apr 9, 2024 14:04 HKT/SGT
Mitsubishi Power Receives Order from HK Electric for Natural-gas-fired GTCC Power Generation Equipment
Apr 9, 2024 12:40 HKT/SGT
MHI Thermal Systems Adds New KXZ3 Series of Building-use Multi-Split Air- Conditioners Adopting R32 Refrigerant
Mar 29, 2024 18:20 HKT/SGT
MHI Concludes Positive Impact Finance Agreement
Mar 28, 2024 15:45 HKT/SGT
Mitsubishi Shipbuilding Receives Order from the University of Tokyo for "MiPoLin" Power Prediction and Lines Selection System
Mar 28, 2024 12:52 HKT/SGT
Mitsubishi Logisnext Completes Demonstration of Automated Truck Loading, Leading to Start of Actual Operations in Japan
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: