Published by Todd Bush on September 8, 2022
Mitsui & Co., Ltd. and Shell have signed a joint agreement to explore the technical and commercial feasibility of carbon capture and storage (CCS) in Asia Pacific, including Japan.
>> In Other News: CarbonCapture Inc. Announces Five Megaton Direct Air Capture and Storage Project in Wyoming
This collaboration will also explore the conditions and policies needed to develop CCS, and evaluate options for owning and chartering ships designed to carry liquid carbon dioxide (CO2).
"Increasing the global deployment of CCS is one element of Shell's transition to becoming a net-zero emissions energy business by 2050," said Syrie Crouch, Vice President of Carbon Capture and Storage at Shell. "Working with companies like Mitsui, we want to help unlock the potential of CCS in Asia Pacific, including Japan. This agreement is another step in that journey and supports our ambition of having access to at least 25 million tonnes a year of CCS capacity by 2035."
Yasuchika Maruyama, General Manager of Sustainable Energy Development Division, Energy Business Unit 1, said: "We are pleased to explore the potential for CCS and CO2 shipping with Shell. CCS will play an important role in the region to simultaneously achieve continued economic growth and reduced emissions. Mitsui is trying to develop approximately 15 million tonnes per annum of CCS capacity by 2035. By developing CCS opportunities, Mitsui aims to continue contributing to an environmentally sustainable society."
CCS is a combination of technologies that capture and store carbon dioxide deep underground, preventing its release into the atmosphere and offers a way to reduce emissions from sectors that are hard to decarbonise. Scenarios from the Intergovernmental Panel on Climate Change, the International Energy Association, and others indicate that CCS is critical to meeting the goal of the Paris Agreement.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🛠️ BHP, JSW Steel To Explore Use of Carbon Capture Technology in Steelmaking 🏝️ Exxon Mobil’s Landmark Acquisition for Offshore CO2 Capture: A Big Step Toward Carbon Reduction 🚗 ...
Inside this Issue 🌊 ExxonMobil Secures Largest CO2 Offshore Storage Site in the U.S. 🌱 Toyota Showcases Technology Developments Towards a Sustainable Future 💰 DOE's $29M Investment: Advancing Carb...
Inside this Issue 🌍 Scaling Up Carbon Dioxide Storagee to Achieve a Net-Zero Future 💰 Colorado School of Mines and Carbon TerraVault Secure $8.9 Million for CarbonSAFE Project 🤝 Rushnu Signs Two A...
TEMECULA, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases (CE&IG) Group and SunLine Transit Agency recently celebrated the opening of a new liquid-hydrogen-...
Ohmium Announces Collaboration with SwitcH2 BV and BW Offshore for Floating Green Ammonia Plant
Ohmium has signed a Term Sheet with SwitcH2 BV to develop PEM electrolyzer solutions for a groundbreaking 300 MW Offshore Floating Ammonia Project NEWARK, Calif. & ROTTERDAM, Netherlands--(BUS...
DevvStream to Acquire 50% Equity Stake in Carbon Sequestration Hub Facility
VANCOUVER, BC, October 15, 2024 – DevvStream Holdings Inc. (“DevvStream” or the “Company”) (CBOE: DESG) (OTCQB: DSTRF) (FSE: CQ0), a leading carbon credit project co-development and generation firm...
Regulating Safety for Carbon Removal, Capture and Sequestration Projects in the US
Carbon dioxide removal (CDR) and carbon, capture and storage (CCS) will both play a limited, yet critical role in helping meet climate goals. However, like most nascent technologies, there are impo...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.