To date, Japan has shown limited potential for carbon capture and storage (CCS) projects, which has prompted Mitsui - and other Japanese firms, such as Inpex - to hunt for suitable sites across Asia Pacific. Mitsui is looking to offer comprehensive transportation and storage services for carbon dioxide (CO2) produced by Japanese factories and power plants, as the nation eyes a 2050 net-zero goal by cutting its greenhouse gas emissions.
“We will contribute to decarbonisation by making CCS services one of the areas that we focus on,” said Toru Matsui, executive managing officer at Mitsui, reported business publication Nikkei Asia.
Mitsui and Indonesia’s state-owned oil and gas company Pertamina are studying how much CO2 can be stored in onshore oil and gas fields on the island of Sumatra. Mitsui has also teamed up with Malaysia’s national energy company Petronas to study storage capacity and routes for transport ships.
Mitsui is also a shareholder in UK-based carbon management business Storegga, that is developing the Acorn CCS project in the UK. As part of Storegga, Mistui is hoping to transfer knowledge and expertise from the company’s projects to Asia Pacific, including Malaysia.