Shell and Mitsui will also explore shipping liquid CO₂
Shell and Mitsui partner on Asian CCS
The firms will explore technical and commercial feasibility of CCS projects in Asia-Pacific, as well as options for shipping CO₂
Shell has signed an agreement with Japanese trading group Mitsui to explore carbon capture and storage (CCS) in the Asia-Pacific region, with a focus on Japan. The partners will explore the technical and commercial feasibility of developing CCS, as well as wider conditions and policies that need to be in place. Shell and Mitsui will also evaluate options for owning and chartering ships designed to carry liquid CO₂. “Increasing the global deployment of CCS is one element of Shell's transition to becoming a net-zero emissions energy business by 2050,” says Syrie Crouch, vice-president of CCS at Shell. The major aims to access 25mn t/yr of CCS capacity by 2035. 15mn t/yr – Mitsui’s target
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