Mitsubishi Corp has agreed with Exxon Mobil Corp and Japan's biggest steelmaker Nippon Steel Corp to consider a carbon dioxide capture and storage (CCS) project. The three companies signed a MoU to start discussions toward building value chains for overseas underground storage of carbon dioxide (CO2) emitted by Japanese steel plants. Nippon Steel is considering capturing CO2 emissions from its local steel mills for underground storage at facilities linked to Exxon in countries including Australia, Malaysia and Indonesia. Mitsubishi would handle transportation, such as by shipping liquefied CO2 to depleted gas fields and other storage sites using specialised vessels.

Source: ESG News