Creation and Expansion of CO2 Emissions Reduction and Offset Technologies and Renewable Energy Businesses
First written in FY2018. 5 of 11 entries say "Advanced", first in FY2022. Latest entry: 2026-08-06.
10 other companies' latest entry also says "Advanced".
- 2026-08-06AdvancedFinancial results presentation
「Established a new company for the CCS business in the Tomakomai area (July)」
The implementation structure for the Tomakomai CCS project became more concrete as part of the CO₂ emissions reduction and carbon-neutrality business. - FY2026RaisedAnnual report
「As a new target for “contributing to CO2 reductions for society,” we will establish under this management plan a target of cumulative CO2 storage of at least 8 million tonnes by fiscal 2035.」
In addition to the previous target of launching CCS/CCUS model projects, the company established quantitative targets of cumulative CO2 storage of at least 8 million tonnes by fiscal 2035 and commencing annual storage of 1.5-2.0 million tonnes from fiscal 2031. - FY2025AdvancedAnnual report
「・Execution of a joint study agreement concerning an assessment of BECCS applicability in South Sumatra Province, Indonesia ・Commencement of FEED work on onshore terminal and upper-pier receiving-related structures for a CCS project in Sarawak, Malaysia ・Studies on underground storage of associated CO2 at domestic mines」
CO2 emissions reduction and carbon-neutral businesses progressed to a joint BECCS study, FEED work in Malaysia, and studies on underground storage at domestic mines. - FY2024AdvancedAnnual report
「・Continuation of feasibility studies for CCS in the Tomakomai and Higashi-Niigata areas, jointly proposed by the company and other companies in a public solicitation for a “Study on the Implementation of Advanced CCS Projects” ・Feasibility studies for overseas CCS/CCUS projects (Malaysia CCUS, jointly with Petronas and others) ・Studies on underground storage of associated CO2 at domestic mines」
Regarding the policy of commercializing CCS/CCUS, the company continues to examine specific projects, including feasibility studies in Tomakomai and Higashi-Niigata, Malaysia CCUS, and underground storage of CO2 at domestic mines. - FY2022AdvancedAnnual report
「Commercialization of businesses that contribute to achieving net zero, centered on CO2 injection and storage technologies」
The previous policy of commercializing CO2 emissions reduction and offset technologies has been made more concrete through the commercialization of businesses contributing to net zero, centered on CCS/CCUS, and linked to the target of launching model projects by fiscal 2030. - FY2021RaisedAnnual report
「We will contribute to reducing net CO2 emissions by establishing new technologies and supplying energy with a low environmental impact.」
The previous direction of reducing CO2 emissions, developing offset technologies, and creating and expanding renewable energy businesses has been broadened to include contributing to Scope 3 reductions, supplying energy with a low environmental impact, and establishing new technologies. - FY2020RestatedAnnual report
「We will work to reduce CO2 emissions from our businesses and seek to commercialize CO2 emissions offset technologies drawing on our expertise, as well as create and expand new businesses in environmentally focused non-E&P fields, including renewable energy.」
The company continues to pursue a policy of making emissions reductions within its businesses, CO2 offset technologies, renewable energy and other non-E&P businesses growth areas. - FY2018First statedAnnual report
「To play an active role in addressing the global challenges of low-carbonization and decarbonization under the Sustainable Development Goals (SDGs) pursued by UN member states, we will work to reduce CO2 emissions from our businesses and seek to commercialize CO2 emissions offset technologies drawing on our expertise, as well as create and expand new businesses in environmentally focused non-E&P fields, including renewable energy.」
The Long-Term Vision 2030 identifies reducing CO2 emissions from the businesses themselves, commercializing CO2 emissions offset technologies, and non-E&P businesses such as renewable energy as new growth areas.