Japan’s Inpex Corporation, Nippon Steel Corporation and Kanto Natural Gas Development have concluded a consignment contract with the Japan Organization for Metals and Energy Security (JOGMEC) regarding the “basic engineering design for carbon capture and storage (CCS) value chain” and “assessment on CO2 storage potential including exploratory drilling” commissioned by JOGMEC. The parties will undertake the Metropolitan area CCS project.
From this fiscal year onwards, Inpex, Nippon Steel and Kanto Natural Gas Development are expected to proceed with the subsequent phases of the feasibility study, including the design of the entire CCS value chain and the evaluation of storage potential.