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.

Nikkei staff writers

January 25, 2023 18:17 JST

Updated on January 25, 2023 19:51 JST

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.