Osaka Gas and MHI team up on CCUS exploration
Osaka Gas and Mitsubishi Heavy Industries are joining forces to develop carbon capture, utilisation and storage (CCUS) technology, in an effort to achieve net-zero by 2050.
The agreement aims to establish a ‘CO2 value chain’, including capturing and transporting the gas from Japan and using it to produce e-methane.
The project partners will explore capture methods of CO2 produced by ‘hard-to-abate’ industries such as steel, cement and the chemical industry as well as the transportation of liquefied CO2 by sea.
Osaka Gas and MHI will conduct a feasibility study on the entire CCUS scheme, including CO2 use for e-methane and underground sequestration, in collaboration with companies from a wide variety of industries.
The project also plans to expand its CCUS scheme through the trade and transfer of CCUS’s environmental value as quantified by CO2NNEX, a digital platform under development by MHI and IBM Japan.
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