Corporate heavyweights back Japan’s CCS push
Inpex and Mitsubishi Heavy Industries among participants in seven large-scale projects as government sets ambitious expansion targets
Japan is turning to some of its biggest energy and industrial companies to spearhead development of nascent CCS technologies that Tokyo hopes will help the world’s fifth-largest carbon emitter reach net zero by 2050. Tokyo believes CCS could play a significant role in decarbonising Japan—particularly in the power and industry sectors, which generated 646mt of CO₂, or 62.5% of total emissions, in 2021, according to the National Institute for Environmental Studies. Japan’s Long-Term CCS Roadmap, released this summer, calls for developing enough CCS capacity to store up to 6–12mt/yr of CO₂ by 2030 and as much as 120–240mt/yr by 2050. The near-term target for the end of this decade is ambitious
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions