Photo: Courtesy of Inpex

Inpex and Kansai Electric Power to study CO2-free fuels and CCS

Japan’s oil and gas producer Inpex has signed a joint study agreement with the electric utility Kansai Electric Power on zero-carbon fuels and carbon capture and storage (CCS).

Inpex and Kansai Electric Power to study CO2-free fuels and CCS
Courtesy of Inpex

Inpex and Kansai Electric Power will evaluate opportunities to collaborate on businesses related to zero-carbon fuels and CCS.

The agreement is to contribute to the realisation of a carbon-free future while strengthening the relationship between the two companies.

In its strategy and business plan, Inpex has set the goal of expanding its five net-zero businesses and making its oil and gas business cleaner. The company aims to provide a supply of clean energy sources including oil and LNG, hydrogen, and renewable power.

Therefore, the signing of the joint study agreement is in line with this goal.

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The parties will evaluate joint business opportunities and engage in energy structure reforms. The ultimate goal is to move toward the realisation of a net-zero carbon society by 2050.