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Climate Change

Mitsubishi, Mitsui eye carbon capture with BP and Woodside

Study for Australian project comes as Japan lags in efforts to store CO2

Japan's first large-scale test facility for carbon capture and storage is located on the northern island of Hokkaido.

TOKYO -- As efforts to remove carbon dioxide from the atmosphere move forward around the world, Japan's trading houses -- some of the biggest players in the country's energy supply -- look to hitch their wagons to Western groups that have a head start in the field.

Trading houses Mitsubishi Corp. and Mitsui & Co. will team with Australian energy group Woodside Petroleum and British oil supermajor BP to assess areas for carbon capture and storage off the Australian coast. Preparations for the survey will start as early as next month.

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