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Signed a Joint Study Agreement for CCS Feasibility Study in Alaska, USAJoint Study Agreement • October 11th, 2024
Sumitomo Corporation, Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Hilcorp Alaska (Hilcorp) have agreed to conduct a feasibility study of CCS*¹ in Alaska, USA, and have signed a joint study agreement between the three companies. This feasibility study will involve the three companies investigating a feasibility for aiming at building a CCS value chain in which CO2 is aggregated in Japan, transported by large-sized liquefied CO2 vessels to Alaska, the United States for sequestration/storage. This will be the first time for a Japanese company to conduct a joint study between Japan and the U.S. toward the commercialization of cross-border CCS, and the three companies aim to commercialize it in cooperation with the Japanese and U.S. governments. On October 11, 2024, the "4th Japan-U.S. CCUS (*2) Working Group", co-hosted by the Ministry of Economy, Trade and Industry (METI) and the U.S. Department of Energy (DOE), was held. Taking advantage of this opportunity, a signing ceremony for the joi
