Japan's Mitsubishi Heavy Industries (MHI) is allying with ExxonMobil Corp to use MHI's carbon dioxide (CO2) capture technology for ExxonMobil's end-to-end carbon capture and storage (CCS) solution. The venture will get support from Japan's Kansai Electric Power Co (KEPCO), with the technology aiming to cut the costs of CO2 capture for heavy-emitting industrial customers. The move comes as companies around the world step up efforts to develop CCS technology to help combat climate change.

Source: Reuters