Mitsubishi, Mitsui consider carbon storage project off Australia

Economy

Major Japanese trading houses Mitsubishi Corp. and Mitsui & Co. are studying the feasibility of commercializing a carbon capture and storage project on the seabed off the coast of Australia, sources familiar with the matter said Thursday. The process, also known as CCS, has been attracting attention as a technology critical to achieving a decarbonized society, with plans for emissions in Japan to also be captured and stored in the future. The project is expected to be carried out in cooperation with resources companies such as British multinational oil and gas company BP plc, and will first ca...

Kyodo News

Kyodo News