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Climate Change

Japan's Mitsui hunts for carbon storage sites in Asia-Pacific

Trading house plans to sequester 15m tonnes a year for Japanese companies

Mitsui & Co. is conducting a feasibility study for carbon capture and storage at this offshore natural gas field in Thailand. (Photo courtesy of Mitsui & Co.)

TOKYO -- Mitsui & Co. plans to secure sites in the Asia-Pacific region and other areas to store carbon dioxide produced at Japanese factories and power plants, with plans to obtain rights for storing 15 million tonnes yearly by 2035.

By offering a comprehensive service that includes carbon capture, transportation and storage, the trading house seeks to help Japanese companies reduce greenhouse gas emissions.

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