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.
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 🏭 Nel ASA: Hy Stor Energy Places Gigawatt Capacity Reservation for Mississippi Clean Hydrogen Hub 🛺 Gearing Up for a Green Highway: Air Products Paves the Way for Hydrogen Transp...
Inside this Issue ⚛️ Air Products Announces Plans to Build Network of Commercial-Scale Multi-Modal Hydrogen Refueling Stations Connecting Edmonton and Calgary, Alberta, Canada 🤝 RepAir and Cella L...
Inside this Issue ⛽ FirstElement Fuel, World-Leader in Hydrogen Refueling Solutions, Selected as a Top 40 US GreenTech Company by Time Magazine 💸 Advanced Hydrogen Producing Equipment Wins Top Pri...
Messer Launches with ZeCarb New "Carbon Capture as a Service" Offering
_PRESS RELEASE_ Bad Soden / Frankfurt am Main April 26, 2024 [**Messer**](http://www.messergroup.com) **launches with** [**ZeCarb**](https://zecarb.messergroup.com) **new "Carbon Capture...
Nel ASA: Hy Stor Energy Places Gigawatt Capacity Reservation for Mississippi Clean Hydrogen Hub
OSLO, Norway, April 26, 2024 (GLOBE NEWSWIRE) -- [**Nel ASA**](https://www.nelhydrogen.com) **(Nel, OSE:NEL)** partners with [Hy Stor Energy](https://hystorenergy.com/) on the **Mississippi Clean H...
BOSTON, April 26, 2024 /PRNewswire/ -- Trains that could travel to more tucked-away parts of the country with zero emissions are an example of the potential behind [battery electric (BEV) and fuel ...
Greensboro, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- [Volvo Trucks North America](https://www.volvotrucks.us/) has announced a significant advancement in its _sustainability efforts by fueling newl...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.