Seven CCS Projects to Receive Support from the Japanese Government
26th June 2023
Seven carbon capture and storage projects have been selected to receive funding support from Japan’s Ministry of Economy, Trade and Industry (METI) and the state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC). Once developed, the seven projects are expected to mitigate approximately 13 million tons of CO2 per year.
The seven projects have been selected as part of Japan’s efforts highlighted in the government’s CCS Long-term Roadmap, and consists of a diverse range of industries, including producers of steel, power, oil and gas, chemical and paper.
The selected project proponents include:
- JAPEX, Idemitsu, Hokkaido EPC
- Itochu, Nippon Steel, Taiheiyo Cement, Mitsubishi Heavy Industries, INPEX, Taisei Corporation (General Constructor)
- JAPEX, Tohoku EPC, Mitsubishi Gas, Hokuetsu (Paper mill), Nomura Research Institute (Consulting)
- INPEX, Nippon Steel, Kanto Natural Gas
- ENEOS (Refinery), JX Oil, J-Power
- Mitsui & Co.
- Mitsubishi Corp., Nippon Steel, Exxon Mobil Asia Pacific
With the aim for projects to be operational by 2030, feasibility studies, including an exploration of geological storage options, will begin during FY2023.
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