Nippon Steel Corporation, Mitsubishi Corporation and ExxonMobil Asia Pacific Pte. Ltd. have signed a Memorandum of Understanding to jointly study carbon capture and storage and the establishment of potential CCS value chains in the Asia Pacific regions.
Based on the Memorandum, the three companies will conduct research on the capture of CO2 emissions from Nippon Steel’s domestic steelworks and evaluate the necessary infrastructure development required, with a view to establishing CCS value chains in the Asia-Pacific region. It would also include a detailed evaluation of Asia Pacific storage opportunities, including in Malaysia, Indonesia and Australia. Mitsubishi Corporation plans to evaluate the overseas CO2 transportation and the development of CCS value chain. This is the first study to develop value chains for carbon capture in Japan with the aim to store elsewhere overseas in the region.
In the field of CCS, in addition to this project, Nippon Steel has also begun active cooperation with other companies and will continue to develop technologies to achieve carbon neutrality throughout the entire supply chain.
