Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 3 August 2023, 12:31 HKT/SGT
Share:
    

Source: Mitsubishi Corporation
JOGMEC selected a feasibility study on the establishment of an overseas CCS value chain in the "Survey on the Implementation of Advanced CCS Projects"

TOKYO, Aug 3, 2023 - (JCN Newswire) - Mitsubishi Corporation, Nippon Steel Corporation and ExxonMobil Asia Pacific Pte. Ltd. have been commissioned to conduct a feasibility study on the establishment of an overseas CCS value chain targeting CO2 emissions from multiple industries in the Ise Bay/Chubu region (hereinafter referred to as the "Study") by the Japan Organization for Metals and Energy Security (JOGMEC) in an open call for the FY 2023 Study on the Implementation of Advanced CCS Projects (hereinafter referred to as the "Call").

The Call was conducted by JOGMEC based on business support for the launch of CCS business by 2030 at the CCS Long-Term Roadmap Review Committee organized by the Ministry of Economy, Trade and Industry in accordance with the Japanese government's carbon neutral target of net zero greenhouse gas emissions by 2050. As a result of the review, 7 projects including this Study were selected as candidates for the "Japanese Advanced CCS Projects" in June of this year,

In Japan, approximately 1.1 billion tons of CO2 equivalent greenhouse gases are emitted annually, and in order to realize a carbon-neutral society by 2050, it is necessary not only to implement low-carbon energy such as the introduction of renewable energy, but also to remove carbon equivalent to the greenhouse gases expected to be generated. CCS is attracting attention as a technology for storing CO2 removed over a long period of time.

Following the conclusion of the Joint Study Agreement, the three companies will examine specific CO2 separation and recovery destinations, overseas storage destinations and related technologies as a supplement to domestic CO2 storage, and the establishment of value chains necessary for commercialization, utilizing their respective expertise.

(*) Nippon Steel, Mitsubishi Corporation and ExxonMobil to Evaluate and Establish CCS Value Chains in the Asia Pacific Region | Mitsubishi Corporation (mitsubishicorp.com)

For further information, contact:
Mitsubishi Corporation, Press Relations Team, Corporate Communications Dept. Tel: 03-3210-2171
Nippon Steel Corporation, Public Relations Center Tel: 03-6867-2977
ExxonMobil Asia Pacific Pte. Ltd. Tel: +65 6885 2389


Topic: Press release summary
Source: Mitsubishi Corporation

Sectors: Environment, ESG, Alternative Energy, Oil & Gas
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Mitsubishi Corporation Links

http://www.mitsubishicorp.com

https://www.linkedin.com/company/mitsubishi-corporation/

Mitsubishi Corporation
Apr 1, 2025 13:16 HKT/SGT
Mitsubishi Corporation: Development of R&D Hub "iPark Kobe" in Kobe Medical Industry City
Mar 28, 2025 15:29 HKT/SGT
Mitsubishi Corporation, ADM Sign Non-Binding MOU, Form Strategic Alliance
Mar 26, 2025 13:31 HKT/SGT
Start of Joint Study on Integrated Power and Data Center Business in Ohgishima area in Keihin District
Mar 13, 2025 12:26 HKT/SGT
Hokkaido Electric Power Corporation and Mitsubishi Corporation Establish a Joint Venture "Hokkaido Renewable Energy Aggregation Co., Ltd."
Feb 24, 2025 11:30 HKT/SGT
Mitsubishi and ENEOS to conduct Front End Engineering Design for Sustainable Aviation Fuel (SAF) Production at the Wakayama Refinery
Feb 21, 2025 14:01 HKT/SGT
Mitsubishi Logistics Corporation, Mitsubishi Corporation, and Yourstand Inc. Advancing Completely CO2-Free Electrification of Pharmaceutical Transportation
Feb 17, 2025 13:10 HKT/SGT
Launch of Joint Demonstration Experiment of Remote Provision of GPU Computing Power
Jan 17, 2025 13:35 HKT/SGT
Mitsubishi Corporation and JOGMEC Announce Investment in eFuels provider Infinium
Nov 15, 2024 11:32 HKT/SGT
Resorttrust Group and Mitsubishi Corporation Launch Joint Study in Medical Tourism
Nov 6, 2024 10:51 HKT/SGT
Yoshimoto Kogyo and Mitsubishi Corporation have signed a business partnership agreement for co-creation of business using "laughter"
More news >>
 News Alerts
Copyright © 2025 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 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: