Japan's top steelmaker Nippon Steel Corp , Mitsubishi Corp and Exxon Mobil Corp said on Thursday they will jointly study carbon capture and storage (CCS) and the establishment of CCS value chains in the Asia Pacific regions.
said on Thursday they will jointly study carbon capture and storage and the establishment of CCS value chains in the Asia Pacific regions.
This is the first study to develop value chains for carbon capture in Japan and storage overseas in the region, they said, adding the study includes a detailed evaluation of Asia Pacific storage opportunities, including in Malaysia, Indonesia and Australia. Through the study, Nippon Steel will progress the implementation of CCS including securing storage sites for overseas storage of CO2 emitted from steel plants, developing storage infrastructure, advocating for policies and regulation, and examining its cost adequacy.
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