Sep. 30, 2024
Mitsubishi Corporation
Nippon Steel Corporation
ExxonMobil Asia Pacific Pte. Ltd.
Mitsubishi Chemical Corporation
Mitsubishi Corporation Clean Energy Corporation
Mitsubishi Corporation, Nippon Steel Corporation, ExxonMobil Asia Pacific Pte. Ltd.,
Mitsubishi Chemical Corporation and Mitsubishi Corporation Clean Energy Corporation were commissioned to
conduct a feasibility study on building an overseas CCS value chain targeting CO2 emissions from multiple
industries in Ise Bay area (the “Study”) in an open call for the “Engineering Design
Work for Advanced CCS Projects” in FY2024 by Japan Organization for Metals and Energy Security
(“JOGMEC ”).
The Study was selected by JOGMEC last year as well and initial design and cost estimation for
CO2 separation, capturing, liquefaction, transportation and storage were achieved by Mitsubishi
Corporation, Nippon Steel Corporation and ExxonMobil Asia Pacific Pte. Ltd.. By newly joining of
Mitsubishi Chemical Corporation and Mitsubishi Corporation Clean Energy Corporation, the five companies
will improve accuracy of each design based on the FY2023 study result and will elaborate the project
plan.
The five companies will make the best use of their expertise to examine specific CO2 separation
and recovery destinations, overseas storage destinations and related technologies to establish a CCS value
chain, aiming to make FID by 2026 and commence storing by FY2030.
Related Release:
JOGMEC commissioned a feasibility study on the establishment of an overseas CCS value chain targeting
CO2 emissions from multiple industries in the Ise Bay/Chubu region in the 2023 "Survey on
the Implementation of Advanced CCS Projects"
https://www.nipponsteel.com/en/news/20230803_100.html
Nippon Steel, Mitsubishi Corporation and ExxonMobil to Evaluate and Establish CCS Value Chains in the Asia
Pacific Region
https://www.nipponsteel.com/en/news/20230126_100.html
