MHI and Osaka Gas to explore CO2 transport potential for CCS value chain
Japanese companies Mitsubishi Heavy Industries (MHI) and Osaka Gas have entered into an agreement to conduct a feasibility study on a project to develop a CO2 value chain for carbon capture, utilization, and storage (CCUS).
As informed, the agreement includes transporting CO2 captured in Japan to overseas, utilizing it to produce e-methane, synthetic gas produced through methanation, and storing it underground.
According to the partners, the project aims to establish an efficient CO2 value chain, using Osaka Gas’s knowledge on e-methane production and CO2 storage and MHI’s expertise in CO2 capture, liquefied CO2 maritime vessel transport, and CO2 management.
To that end, the project partners will examine methods to capture CO2 emitted from the hard-to-abate industries, such as steel, cement, and chemicals, and transport liquefied CO2 using ships.
Specifically, Osaka Gas and MHI will conduct a feasibility study on the entire CCUS scheme, including CO2 utilization for e-methane and underground sequestration, in corporation with companies from a wide variety of industries.
Furthermore, the project plans to expand its CCUS scheme through the trade and transfer of CCUS’s environmental value quantified by CO2NNEX, a digital platform under development by MHI and IBM Japan for visualizing CO2 value chain.
In February this year, the firms announced they built a demonstration system for CO2NNEX for e-methane.
IoT will connect actual CO2 data, and blockchain technology will provide neutrality, and fairness along with advanced information security.
Through this project, Osaka Gas and MHI aim to contribute to achieving a carbon neutral society by 2050, combining the two companies’ technologies developed to meet their respective goals for net zero emissions.