The four companies will proceed with this
initiative aiming to apply it at the future commencement of CCS business led by
the Japanese government.
Japan Organization for Metals and Energy Security
(JOGMEC) launched a feasibility study on Japanese Advanced CCS Project, as a
public offered project in FY2023. Demand for LCO2 carriers is expected to increase in the near future to
transport captured CO2 from Japan to storage areas in various CCS projects. It
is very important to standardize the specification and design of LCO2 carriers
across each project as well as to establish a realistic production supply chain
so that LCO2 carriers will be constructed and supplied stably in Japan and CCS
value chain will be achieved with improved economic efficiency. The signed MOU suggests that four companies
have agreed to make a collaboration to solve these issues related to the
construction of LCO2 carriers and marine transportation, starting with Japan
initiated CCS projects to the Asia-Pacific region.
Mitsubishi Shipbuilding
and Nihon Shipyard have already begun joint study to build LCO2 carriers,
demands for which are expected to increase in the near future, by making the
most of their strengths while mutually complementing each other.
Mitsui & Co., Ltd.
and Mitsubishi Corporation, who are now advancing business development for
early launch of the CCS business, are selected as leading companies in the
Japanese Advanced CCS Project by JOGMEC aiming for overseas CO2 storage.MHI Group is pursuing strategic measures to
strengthen its business for the energy transition. Mitsubishi Shipbuilding,
for its role in this initiative, efforts to contribute the advance of the
maritime industry in Japan and around the world by utilizing its
shipbuilding-based marine engineering technologies in addition to conventional
shipbuilding. Mitsubishi Shipbuilding will actively promote the development of
LCO2 carriers and establishment of CCS value chain through collaboration with
various domestic/overseas companies, and also construction of demonstration
ship for transport of LCO2 for New Energy and Industrial Technology Development
Organization (NEDO).
Nihon Shipyard is actively working on
commercialization of LNG and ammonia fueled ships as preparation of upcoming
strengthening of GHG emission regulations. As the next initiative, the company is
contributing to realize a sustainable carbon neutral society by delivering LCO2
carriers essential for establishment of CCS value chain.