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Climate Change

Itochu, Eneos, others aim to start carbon storage services in 2030

Japanese government hopes to capture 12m tons of CO2 a year

Carbon capture and storage site in Hokkaido, Japan. Japan's Ministry of Economy, Trade and Industry will support companies that work on such projects.

TOKYO -- Three Japanese business groups will begin projects aimed at offering large-scale carbon storage services in the country by fiscal 2030, Nikkei has learned.

The projects have the backing of the Japanese government as the industry ministry aims to have a capability to store up to 12 million tons of carbon dioxide a year in Japan by fiscal 2030. This is equivalent to emissions from up to three coal power plants.

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