JOGMEC selected a feasibility study on the establishment of an overseas CCS value chain in the “Engineering Design Work for Advanced CCS Projects” in FY2024
September 30, 2024
Cosmo Oil Co., Ltd.
Mitsubishi Corporation
ENEOS Corporation
JX Nippon Oil & Gas Exploration Corporation
JFE Steel Corporation
Nippon Shokubai Co., Ltd.
PETRONAS CCS Solutions Sdn Bhd
Cosmo Oil Co., Ltd., Mitsubishi Corporation, ENEOS Corporation, JX Nippon Oil & Gas Exploration Corporation, JFE Steel Corporation, Nippon Shokubai Co., Ltd., and PETRONAS CCS Solutions Sdn Bhd, an affiliate of Petroliam Nasional Berhad, Malaysia's national oil company, were commissioned to conduct a feasibility study on building an overseas CCS value chain targeting CO2 emissions from multiple industries in the Tokyo 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 will examine facility designs of the CO2 separation and capturing, liquefaction, transportation, and storage, as well as estimate costs, identify key risks, and verify the feasibility for the social implementation of CCS. The amount of CO2 to be captured and accumulated in the region is expected to be around 3 million tonnes per year. Potentially, we explore to capture approximately 6 million tonnes of CO2 per year in the region.
The 7 companies will utilize their expertise to establish a value chain and to verify related technologies aiming to make FID by FY2026 and start storing CO2 by FY2030.
Reference：
Japan Organization for Metals and Energy Security (“JOGMEC”)
Mitsubishi Corporation
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