BP and Chubu said they would form a broad alliance in decarbonisation businesses in Japan and other key markets in Asia,
TOKYO: BP and Chubu Electric Power say they would study the feasibility of a carbon capture and storage (CCS) project to help reduce carbon dioxide (CO2) emissions in the Nagoya Port area in central Japan.
Under a memorandum of understanding signed a day earlier, the companies would form a broad alliance in decarbonisation businesses in Japan and other key markets in Asia, they said in a joint statement.
In the first step, they will explore the feasibility of collecting CO2 from major emitters in Nagoya and transporting it to storage sites, potentially internationally, they said. Nagoya is Japan’s biggest port in terms of cargo volume and located near steel, automotive and other manufacturing plants.
Industries around the port account for 3% of Japan’s total emissions, and the port aims to cut the area’s emissions by 35% by 2030 compared to 2013 levels. — Reuters
