- Corporate News
ENEOS forms joint venture to accelerate commercialization of CCS
ENEOS Corporation is establishing a joint venture, West Japan Carbon dioxide Storage Survey Co., Ltd., to accelerate preparations for the commercialization of domestic CCS, together with JX Nippon Oil & Gas Exploration Corporation, and Electric Power Development Co., Ltd.
The three companies are jointly working on a feasibility study for large-scale carbon dioxide (CO2) capture and storage (CCS) in Japan to reduce CO₂ emissions. In addition, the companies aim to contribute to achieving Japan’s greenhouse gas emission reduction targets while ensuring a stable energy supply by implementing Japan’s first full-scale CCS supply chain by 2030.
The companies will collaborate with other partners who are working on carbon neutrality, as announced on May 10, 2022.
With the understanding and cooperation of local residents, local governments, and national and related organizations, the joint venture will promote preparations for commercialization, including exploration and evaluation. The intention is to select candidate sites for CO₂ storage in western Japan where the sources of ENEOS and J-POWER emissions are located and where the potential for CO₂ storage is anticipated, with the aim of starting CO₂ injection in 2030.