Mitsui, Kansai Electric sign MoU on CCS value chain
Japan’s Mitsui & Co. and Kansai Electric Power Company have signed a memorandum of understanding (MoU) to conduct a feasibility study on carbon capture and storage (CCS) value chain development, Mitsui said on January 18.
According to the MoU, Kansai will lead the study of CO2 capture from its thermal power plants, and Mitsui will lead CO2 transport and storage studies, in order to conduct a full CCS value chain feasibility study.
Mitsui said it has been working on several projects to expedite the CCS commercialisation in the Asia Pacific region with companies such as Shell, Pertamina and Petronas. “The feasibility study with Kansai Electric will have significant synergies with this endeavor as well,” Mitsui added.
The company is aiming to develop approximately 15mn metric tons/year of CCS capacity by 2035.