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Mitsubishi eyes carbon capture project with Exxon, Nippon Steel

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TOKYO : 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, a spokesperson at the trading house said on Wednesday.The three companies signed a memorandum of understanding (MoU) on Wednesday to sta

TOKYO : Mitsubishi Corp has agreed with Exxon Mobil Corp and Japan's biggest steelmaker Nippon Steel Corp to consider a carbon dioxide capture and storage project, a spokesperson at the trading house said on Wednesday.

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, the Nikkei business daily reported on Wednesday. "What has been reported is correct," the Mitsubishi spokesperson said, but declined to comment further.

 

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