JOGMEC commissioned feasibility study for overseas CCS value chain

Mitsubishi Corporation (hereinafter, “MC”) has officially been awarded two overseas CCS projects jointly submitted by the Japan Energy and Metals National Corporation (hereinafter,“JOGMEC”) with another company in the FY 2024 Public Offering for Research on Implementation of Advanced CCS Projects (hereinafter, “Public Offering”).

                 

The projects officially accepted this year are as follows:

 

For details of each business, please refer to the release statement attached.

Based on the Three Corporate Principles, which serve as MC’s core philosophy, MC has continued to grow together with society by contributing to the sustainable development of society through its business activities while pursuing value creation. MC’s revised “Materiality” was announced in Midterm Corporate Strategy 2024 as a set of crucial societal issues that MC will prioritize through its business activities, towards the strategy’s goal of continuous creation of MC Shared Value (MCSV). Guided by this Materiality, MC will continue to strengthen its efforts towards sustainable corporate growth. Out of the six material issues relating to “Realizing a Carbon Neutral Society and Striving to Enrich Society Both Materially and Spiritually”, this project’s activities particularly support “Contributing to Decarbonized Societies ” and “Promoting Stable, Sustainable Societies and Lifestyles”.