Cosmo Energy Holdings and KEPCO Initiate Joint Studies Toward the Establisment of a CCS Value Chain in the Sakai-Semboku Area

October 13, 2023

Cosmo Energy Holdings Co., Ltd.

The Kansai Electric Power Co., Inc.

Cosmo Energy Holdings Co., Ltd. and The Kansai Electric Power Co., Inc. have initiated joint studies toward the establishment of a CCS¹ value chain in the Sakai-Semboku area based on a memorandum of understanding between the two companies.

These studies will evaluate the rational design and economic viability of a CCS value chain that encompasses the separation and capture of carbon dioxide (CO₂₎ emitted from business sites operated by the two companies in the Sakai-Semboku area through to the joint liquefaction and storage, and subsequent shipment of captured CO₂ to storage sites. In addition, these studies will investigate the feasibility and economic viability of liquefied CO₂ transportation modes and potential storage sites.

The joint study of liquefaction, storage, and shipping facilities by the two companies will enable the design of a larger and more efficient facility.

The two companies will conduct studies toward the establishment of an area-wide CCS value chain, with a view to future cooperation with other business operators that have CO₂ emission sources² in the Sakai-Semboku area, thereby contributing to the realization of a zero-carbon society.

1 CCS (Carbon capture and storage) is a technology that captures CO₂ from exhaust gas and stores it underground.

2 Factories, power plants, and other business sites that emit CO₂

Project Overview

＜Conceptual diagram of research on CO₂ capture, storage, and shipment＞

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