Mitsui & Co., Ltd. has announced the signing of memorandums of understanding (MOUs) with Mitsubishi UBE Cement Corporation (MUCC) and Resonac Corporation for joint studies aimed at establishing a carbon capture and storage (CCS) value chain.
The project includes the capture, transportation, and storage of CO2 at an offshore site in Malaysia, developed jointly with Malaysia’s state-owned oil company and a global multi-energy company.
Under the MOUs, MUCC and Resonac will conduct studies on the separation, capture, liquefaction, and temporary storage of CO2 emitted at MUCC’s Ube Cement Plant and Resonac’s Oita Complex.
Mitsui will study the transportation and storage of liquefied CO2 for permanent geological storage offshore Malaysia.
The studies will verify technical requirements and calculate the costs of the value chain.
Mitsui is conducting similar studies with other companies — including The Kansai Electric Power Co. Inc. and The Chugoku Electric Power Co. Inc. — to provide decarbonisation solutions for various industries using CCS technology.
In addition to these partnerships, Mitsui has invested in the UK-based CCS company Storegga Limited and is involved in a survey project related to the feasibility of Japanese Advanced CCS Projects promoted by the Japan Organisation for Metals and Energy Security (JOGMEC) in 2023.
Mitsui aims to leverage its expertise in energy value chain development and extensive business networks to contribute to the global development of CCS technology and the creation of an eco-friendly society.
