Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo, Representative Director, President and Executive Officer CEO: Masayuki Hyodo, hereinafter referred to as 'Sumitomo Corporation'), JFE Steel Corporation (Head Office: Chiyoda-ku, Tokyo, Representative Director and President: Yoshihisa Kitano, hereinafter 'JFE Steel'), Sumitomo Osaka Cement Co., Ltd. (Head office: Minato-ku, Tokyo, Representative Director and President: Hironori Morohashi, hereinafter 'Sumitomo Osaka Cement'), Kawasaki Kisen Co., Ltd. (Head office: Chiyoda, Tokyo) , President and Representative Director: Koichi Myochin, hereinafter referred to as 'Kawasaki Kisen'), and Woodside Energy Ltd. (Headquarters: Perth, Australia, CEO & Managing Director: Meg O'Neil, hereinafter referred to as 'Woodside') are the 'Setouchi-Shikoku CO< /span>The five companies have agreed to conduct a business feasibility study (hereinafter referred to as the 'Business Feasibility Study') toward the realization of the hub concept, and a memorandum of understanding has been signed between the five companies.
This project feasibility study will focus on small-scale liquefied CO< a i=3>2Collecting CO2 using transport ships and installing CO< /span> recovered and pursue further economies of scale, creating hubs and clusters (Note 3) in each region. We aim to contribute to carbon neutrality in the entire Setouchi and Shikoku region, including by forming a 2 emitted from multiple regions, industries, and companies in the Setouchi and Shikoku regions, we have realized large-scale production and cost reduction. , Japanese and Australian companies will work together to build a CCS value chain that would be difficult for individual companies to achieve. In the future, we will further increase the amount of CO2 is collected and stored, then transported to Australia on a large transport ship, and then injected and stored. Five companies will conduct business feasibility studies in preparation for the construction. By collectively handling CO2 at export hub port (Note 1) A series of CCS (Note 2) value chains in which liquefied CO2Temporarily CO2
The Japanese government is promoting the development of a business environment for the start of CCS business by 2030 in the 'Basic Policy for Realizing GX' (Note 4). Sumitomo Corporation, JFE Steel, Sumitomo Osaka Cement, Kawasaki Kisen, and Woodside will leverage each company's information, knowledge, and experience to contribute to the realization of a carbon-neutral society through the promotion of this CCS project.
Furthermore, on December 16th, an MOU photo ceremony was held at the Japan-ASEAN Economic Co-Creation Forum to commemorate the conclusion of the memorandum of understanding regarding this business feasibility study, in the presence of Takeshi Saito, Minister of Economy, Trade and Industry.
Comments from each company regarding this initiative
Sumitomo Corporation
The Sumitomo Corporation Group positions 'climate change mitigation' as one of its important social issues, and is taking on the challenge of making its business activities carbon neutral by 2050 and realizing a sustainable energy cycle. Sumitomo Corporation considers CCUS (Note 5) to be one of the important means to achieve this goal, and in January 2023, Sumitomo Corporation established a CCUS team within the Energy Innovation Initiative to work on business development in this field. The CCUS team will build a CCUS value chain by consolidating the CCUS-related knowledge of our group and strengthening internal and external collaboration. 2>We are working on business development for separation and collection, transportation and storage, and utilization, and this project is being carried out in collaboration with the metals business division and the lifestyle and real estate business division, which are working on GX with the steel industry. is.
JFE Steel
The JFE Group has formulated the 'JFE Group Environmental Management Vision 2050,' and has positioned responding to climate change issues as the most important management issue, and is strongly promoting initiatives to resolve them. In addition to working on the development of various ultra-innovative technologies such as carbon recycling blast furnaces and direct reduction steelmaking, JFE Steel aims to achieve carbon neutrality by utilizing CCUS, including collaboration between companies and industrial complexes. In order to build a CCUS value chain, we will accelerate our efforts by expanding and strengthening collaboration between companies, both domestically and internationally.
Sumitomo Osaka Cement
Based on the 2050 Carbon Neutral (CN) vision 'SOCN2050,' the Sumitomo Osaka Cement Group is taking on the challenge of achieving CN by 2050 by mobilizing all domestic and international reduction measures. Energy-derived CO2 is a characteristic of CO2 emissions in the cement industry. In addition, the majority of CO2 is derived from processes originating from limestone, which is the main raw material. Therefore, in order to realize CN, it is necessary to switch to non-fossil energy only. Therefore, the use of CCUS is essential. Our company uses artificial limestone (CaCO3< We are working on CCU to fix minerals as a i=10>), but we also believe that the use of CCS is essential to realizing CN, so we are participating in this initiative as a company with main factories in Setouchi and Shikoku. We recognize that doing so is of great significance.
Kawasaki Kisen
The Kawasaki Kisen Group is promoting a variety of initiatives aimed at reducing and decarbonizing the company and supporting the low and decarbonization of society, based on the long-term environmental policy 'Environmental Vision 2050.' . In the field of CCS, we plan to begin transporting liquefied CO2 for CCS next year, which will be the world's first commercial project. We will utilize the knowledge gained through the operation of liquefied CO2 transport vessels, which will be launched in Japan and overseas in the future, for future business development, including this project. We aim to realize a sustainable society and improve corporate value.
Woodside
Woodside Energy is an Australian energy company working on CCS initiatives.
SUMITOMO CORPORATION 
