1. Home
  2. Press release
Sep 23, 2020 16:00 JST

Source: Mitsubishi Corporation

Mitsubishi Corporation: Use of CO2 in Concrete / Partnership with Blue Planet Systems Corporation

TOKYO, Sep 23, 2020 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that it will be providing financing to Blue Planet Systems Corporation (Blue Planet), a company based in California that has developed technologies to produce CO2-sequestered aggregates(1). MC has also entered into a partnership with Blue Planet to help commercialize the technologies.

Blue Planet's Technologies

Blue Planet's Technology Process Flow
 


Since its founding in 2012, Blue Planet has worked to develop and commercialize a scalable solution for climate change mitigation that is both economically and technically sustainable. One of Blue Planet's cutting-edge technologies captures CO2 emissions from power plants and other facilities to create CO2-sequestered aggregates. Another makes effective use of industrial waste, including demolished and unused returned concrete to produce upcycled aggregates. These technologies have already been used in the construction of an interim boarding area at San Francisco International Airport. MC and Blue Planet will be conducting a feasibility project on possible applications in Silicon Valley until fiscal year 2021, after which the partners plan on making the technologies commercially available.

MC's Vision

Global CO2 emissions continue to rise each year, and in 2018 they reached over 33 billion metric tons, nearly 20% of which were produced by industry(2). The largest emitters were the energy and shipping sectors, followed by the industry sector including the cement industry. In order to meet the targets set forth by the Paris Agreement, businesses worldwide must promote greater use of not only renewables and low-carbon fossil fuels, but also carbon capture, utilization and storage (CCUS) technologies. The sheer size of the global concrete market means that widespread use of technologies capable of sequestering CO2 in concrete could reduce the amount of CO2 in our atmosphere by billions of tons.

CCUS technologies are an opportunity for MC to leverage the breadth of its business portfolio. This commercialization initiative with Blue Planet joins other efforts by MC to help realize both low-carbon societies and its three-value mission(3). Similar ventures in recent months include the "Technology Development for Para-xylene Production from CO2" project announced on July 14, and the "R&D on Use of CO2 in Concrete" project announced on August 5.

(1) Aggregates are inert granular materials such as sand, gravel, or crushed stone. They comprise as much as 80% of a typical concrete mix.
(2) Source: IEA
(3) Simultaneous creation of economic, societal and environmental value

Contact:
Mitsubishi Corporation
Telephone:+81-3-3210-2171
Facsimile:+81-3-5252-7705
Source: Mitsubishi Corporation
Sectors: Engineering

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release

MC and Denka Sign J/V Agreement in Fullerene Business
April 24 2024 16:02 JST
 
Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA
April 16 2024 13:36 JST
 
Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp
April 11 2024 12:07 JST
 
Mitsubishi Corporation: Sale of BMA Coal Assets in Queensland Completed
April 03 2024 18:05 JST
 
Fujitsu signs MoU with Mitsubishi UFJ Financial Group, Inc. to drive nature positive actions
April 01 2024 15:17 JST
 
Mitsubishi Corporation and 7 large international companies join forces to sponsor the creation of a global e-NG coalition
March 19 2024 15:40 JST
 
Nissan and Mitsubishi Corporation agree to explore new business in next-generation-mobility and energy-related services utilizing EVs
March 18 2024 16:29 JST
 
Mitsubishi Corp to invest in TIER IV: Transforming regional mobility with autonomous driving
March 15 2024 11:36 JST
 
Mitsubishi Corporation: Participation in PAK Lithium Project in Canada
March 05 2024 15:57 JST
 
Mitsubishi Corporation Expands its Data Center Presence with Entry into US
March 04 2024 14:27 JST
 
More Press release >>

Latest Press Release


Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST

MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST

Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST

NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST

Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST

Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST

NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST

Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST

TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST

First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST

Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST

Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST

Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST

Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan
Apr 18, 2024 11:14 JST

Eisai: Research on Treatments for Alzheimer's Disease Based on Its Pathological Mechanisms Recieves Award for Science and Technology (Research Category)
Apr 18, 2024 10:53 JST

All-New Triton Confirmed as First Double-Cab Pickup Truck to Achieve 2024 Five-Star ANCAP Safety Rating
Apr 18, 2024 09:22 JST

Eisai's Antiepileptic Drug Fycompa Injection Formulation Launched In Japan
Apr 17, 2024 16:17 JST

Honda Unveils Next-generation EV Series for China
Apr 17, 2024 12:15 JST

Lexus presents Time at the 2024 Milan Design Week
Apr 16, 2024 18:49 JST

Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA
Apr 16, 2024 14:36 JST
 More Latest Release >>