ITOCHU Corporation (“ITOCHU”), Mitsubishi Heavy Industries, Ltd. (“MHI”), INPEX Corporation (“INPEX”), and Taisei Corporation (“Taisei”) announced that they have signed a memorandum of understanding for a joint feasibility study on a large-scale and wide-area CCS value chain project using ship transportation for companies that emit carbon dioxide (hereinafter “CO2”) in Japan.
The four companies will jointly carry out a study for launching a joint project relating to the separation, capture, ship transportation and storage of CO2 emitted from the materials industry and other industries in which it is considered difficult to achieve decarbonization merely by electrification, introduction of hydrogen and other means (hereinafter “hard-to-abate industries”) and conduct a process of selecting prospective sites for CO2 storage in Japan.
