Japanese companies team up for carbon capture project in Hokkaido
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 15 2024
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Source: Reuters
Collaboration for Carbon Capture: Japan Petroleum Exploration Co, Idemitsu Kosan Co, and Hokkaido Electric Power Co are collaborating to develop a carbon capture and storage (CCS) facility in northern Japan as part of the country's goal for carbon neutrality by 2050.
Project Details and Timeline: The CCS project, with a capacity of 1.5 to 2 million metric tons per year, will be located in Tomakomai, Hokkaido, and is expected to launch in 2030.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
