ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Climate Change

100-plus Asian companies share tech in carbon storage push

Public-private project to move CO2 via pipeline and sea to sequestration facilities

Participating businesses will pursue projects for pumping carbon dioxide into the ground near where it is emitted and for liquefying CO2 so that it can be shipped to countries with plenty of room to store it.    © Reuters

TOKYO -- More than 100 businesses in Asia will work together to develop carbon storage technology under a public-private initiative launched by Japan, hoping to bring down the prohibitive costs that currently stand in the way of commercialization.

Japan's economy and trade ministry will form the Asia CCUS Network on Tuesday to share technological know-how in carbon capture, utilization and storage technology, with the 10 Association of Southeast Asian Nations members, Australia and the U.S. taking part.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more