26-01-2023
Nippon Steel, Mitsubishi and ExxonMobil to evaluate and establish CCS value chains
Nippon Steel Corporation, Mitsubishi Corporation and ExxonMobil Asia Pacific Pte. Ltd have signed a Memorandum of Understanding to jointly study carbon capture and storage and the establishment of potential CCS value chains in the Asia Pacific regions on January 25, 2023.
Based on the Memorandum, the three companies will conduct research on the capture of CO2 emissions from Nippon Steel's domestic steelworks and evaluate the necessary infrastructure development required, with a view to establishing CCS value chains in the Asia-Pacific region. It would also include a detailed evaluation of Asia Pacific storage opportunities, including in Malaysia, Indonesia and Australia. Mitsubishi Corporation plans to evaluate the overseas CO2 transportation and the development of CCS value chain. This is the first study to develop value chains for carbon capture in Japan with the aim to store elsewhere overseas in the region.
Nippon Steel set forth the "Nippon Steel Carbon Neutral Vision 2050" in its medium- to long-term management plan announced in March 2021 and positioned CCS as one of the key technologies to realize this vision. Through this study, Nippon Steel will progress the implementation of CCS including securing storage sites for overseas storage of CO2 generated from steel works, developing storage infrastructure, advocating for policies and regulation, and examining its cost adequacy.
Mitsubishi Corporation has identified Energy Transformation (EX) as a key initiative in its Roadmap for a Carbon Neutral Society formulated in October 2021 and its Medium-Term Management Strategy 2024 released in May last year. Mitsubishi Corporation will evaluate the overseas CO2 transportation and the development of CCS value chain through this joint effort.
ExxonMobil continues to advance innovative solutions for a lower-carbon future. In early 2021, it established a Low Carbon Solutions business, which is working to bring lower-emission technologies to market, making them accessible to hard-to-decarbonize industries. It is committed to accelerating significant emission reductions through strategic collaborations and through leading the development and the deployment of scalable lower-emission technologies, such as CCS, needed to advance solutions for various industries in the Asia Pacific region and beyond.
Mitsubishi Corporation will continue to lead EX through the low-carbon and decarbonization of our business through CCS and other initiatives, while contributing to the transition and realization of a carbon-neutral society through the stable supply of cleaner energy.
News Category:
-
Cepsa and Evos join up for green methanol storage in Spain and the Netherlands
Spanish energy company Cepsa has signed an agreement with Evos, a leading liquid energy and chemical storage company with hubs in strategic locations across Europe, to ...
18-04-2024
-
Start up of the worlds first large scale electrically heated steam cracking furnace
BASF, SABIC, and Linde have inaugurated the world’s first demonstration plant for large-scale electrically heated steam cracking furnaces. Following three years of ...
18-04-2024
-
Fortescue selects Green ammonia technology from KBR
KBR has announced it has signed a contract to provide its green ammonia technology, K-GreeN, for Fortescue’s Holmaneset green energy project in Norway. Under the terms ...
18-04-2024
-
Avantium and TNO partner to manufacture electrolyser test stations for green hydrogen production
Avantium N.V., a leading company in renewable and circular polymer materials, has announced that its subsidiary Avantium R&D Solutions has signed a partnership agreement ...
18-04-2024
-
Linde to increase green hydrogen production in Brazil
Linde announced today its subsidiary White Martins will build, own and operate a second electrolyser to produce green hydrogen for the southeast region of Brazil. The ...
18-04-2024
-
Topsoe to supply technology for one of southern Europes largest renewable fuels plants
Topsoe, a global leader in carbon emission reduction technologies, has signed an agreement with Cepsa, a leading international company committed to sustainable mobility. ...
16-04-2024
-
Infinium and Kinetik reach innovative CO2 utilisation agreement to advance eFuels production
eFuels leader, Infinium, has reached an agreement with a subsidiary of midstream energy company Kinetik Holdings Inc, to purchase carbon dioxide captured from Kinetik's ...
16-04-2024
-
Boeing makes its largest purchase of blended SAF
Boeing has agreed to purchase 7.5 million gallons of blended Neste MY Sustainable Aviation Fuel in 2024 to support its U.S. Commercial Airplanes business operations ...
16-04-2024
-
STX Group and Norsk e-Fuel partner to boost biogenic CO2 delivery
STX Group, a global leader in environmental commodities trading and climate solutions, and Norsk e-Fuel, a pioneer in the European e-fuel market, today announce their ...
16-04-2024
-
Neste to supply sustainable aviation fuel to Air New Zealand at Los Angeles International Airport
Neste and Air New Zealand have signed an agreement for the supply of nine million liters (around 7,200 tons or 2.4 million gallons) of neat Neste MY Sustainable Aviation ...
16-04-2024