Nippon Steel Corporation, Mitsubishi Corporation and ExxonMobil Asia Pacific Pte. Ltd. have signed a Memorandum of Understanding to jointly study carbon capture and storage (CCS) and the establishment of potential CCS value chains in the Asia Pacific regions on January 25, 2023.
Based on the Memorandum, the three companies will conduct research on the capture of CO2 emissions from Nippon Steel’s domestic steelworks and evaluate the necessary infrastructure development required, with a view to...