Expansion of Environmentally Focused Businesses Using CCS and CCUS Technologies
First written in FY2022. 5 of 6 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2026.
10 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「From 2024 through fiscal 2025, the company conducted design work related to CO2 separation, capture, transportation and storage, as well as reservoir evaluations.」
Following JOGMEC selection, design work and reservoir evaluations, CCS/CCUS progressed to the development of an end-to-end domestic value chain by ENEOS, ENEOS Xplora, Electric Power Development and Nishinihon Carbon Storage Survey. - FY2025AdvancedAnnual report
「In October 2024, the project was selected by the Japan Organization for Metals and Energy Security (JOGMEC) under its fiscal 2024 “Design Work, etc. for Advanced CCS Projects” program.」
CCS/CCUS progressed from overseas interest acquisitions and domestic studies to JOGMEC selection for a domestic and international CCS value-chain design project. - FY2024AdvancedAnnual report
「The business is conducting design work related to CO2 separation, capture, transportation and storage, as well as reservoir evaluations. For storage, the joint venture Nishinihon Carbon Storage Survey Co., Ltd., established in February 2023, will lead the studies, with the aim of building a CCS value chain capable of implementation by fiscal 2030.」
CCS/CCUS progressed from overseas interest acquisitions and joint studies to JOGMEC selection, the establishment of a domestic joint venture, the development of Japan-Australia and Japan-Malaysia value chains, and a fiscal 2030 implementation target. - FY2023AdvancedAnnual report
「Overseas, in September 2022, the company acquired the 50% interest in Petra Nova Parish Holdings held by US-based NRG Energy through its subsidiary. Combined with the 50% interest already held by JX Nippon Oil & Gas Exploration through its subsidiary, this made PNPH a consolidated subsidiary and further advanced the company’s CCUS business in the United States.」
CCS/CCUS progressed from the joint study stage to the acquisition of Petra Nova’s remaining 50% interest, the establishment of a domestic joint venture, and plans for domestic implementation in 2030. - FY2023-Q2AdvancedAnnual report
「“Membership Interest Purchase Agreement” (parties to the agreement: JX Nippon Oil Exploration (CCS) Limited and Petra Nova Holdings LLC; date executed: 14 September 2022) Under the agreement, JX Nippon Oil Exploration (CCS) Limited agreed to purchase from Petra Nova Holdings LLC all of its 50% interest in Petra Nova Parish Holdings LLC.」
In the CCS/CCUS business, the company entered into an agreement on 14 September 2022 to acquire Petra Nova Holdings LLC’s 50% interest in Petra Nova Parish Holdings LLC, advancing its involvement in an existing joint study project to an asset acquisition. - FY2022First statedAnnual report
「To acquire and enhance further expertise in CCS/CCUS technologies, the company entered into a joint study agreement with deepC Store and participated in the CStore1 offshore CO2 capture and storage hub project in Australia.」
CCS/CCUS began developing as an independent growth and environmentally oriented business, with participation in Australia's CStore1, a memorandum of understanding with Pertamina, approval of a CCUS plan at Tangguh LNG, and the establishment of a domestic CCS preparation office.