Japan’s Inpex invests in Dutch carbon dioxide capture start up
SUMMARY
Inpex said it will support CarbonOrO’s technological and business development with an eye to utilise the technology in its CCUS and methanation business.
By Shardul SharmaJapan’s Inpex Corp has invested in CarbonOrO Holding (CarbonOrO), a Dutch startup developing a new carbon dioxide capture technology, the Japanese company said on December 23.
CarbonOrO’s technology is expected to reduce cost by enabling the capture and desorption of carbon dioxide mainly contained in the industrial exhaust gas at lower temperatures and higher pressures than conventional technologies, Inpex said.
Inpex said it will support CarbonOrO’s technological and business development with an eye to utilise the technology in its CCUS and methanation business.
Inpex added it will target an annual CO2 injection volume of 2.5mn metric tons or more in around 2030 and promote the adoption of methanation in society aiming to supply about 60,000 mt/year of synthetic methane through its natural gas trunk pipeline network by 2030.
