Nov 26, 2021 15:01 JST

Source: Mitsubishi Corporation

Tokyo Gas, MC to Explore Feasibility of International Synthetic Methane Supply Chain for Carbon Neutrality

TOKYO, Nov 26, 2021 - (JCN Newswire) - Tokyo Gas Co., Ltd. (Tokyo Gas) and Mitsubishi Corporation (MC) are pleased to announce that we are jointly exloring feasibility(1) for a synthetic methane supply chain in LNG exporting countries. Among the countries and regions covered by this study are North America, Australia, the Middle East and Asia. The study will focus on synthetic methane produced from green hydrogen using renewable electricity and CO2.

In order for Japan to realize its goal to go carbon neutral by 2050, it will need to decarbonize its heating industry. To that end, Japan's sixth Strategic Energy Plan highlights the importance of replacing natural gas with synthetic methane for carbon neutrality.

Public and private interests are now working together to accelerate the commercialization of related technologies. Future production of synthetic methane requires the combination of green hydrogen derived from affordable renewable energies produced overseas with locally captured CO2. A supply chain that leverages existing infrastructure to liquefy and transport the methane will also need to be forged.

 


This study will combine both companies' respective strengths to optimize the supply chain and infrastructure. Tokyo Gas brings its advanced hydrogen and methanation technologies, as well as its expertise in LNG value-chain development, while MC will contribute its experience in energy businesses, which covers overseas LNG projects, renewable energy initiatives and other operations.

More specifically, the study will examine all issues pertinent to supply chains, from procurement of renewable energy and CO2, to production of hydrogen and synthetic methane, and further still to liquefaction and transportation operations. It will include work aimed at determining the locations for production facilities and delivery terminals, as well as cost reduction.

In the future, we plan to conduct demonstrations at these locations. Our hope is to make synthethic methane an important component within Japan's future energy mix.

As part of its group's management vision "Compass2030," Tokyo Gas promotes the challenge of achieving net-zero CO2. Committing to the early development of a synthetic methane supply chain will contribute Japan to achieve its goal to go carbon neutral by 2050.

In addition to fulfilling its responsibility to provide Japan with stable energy supplies, MC also remains committed to decarbonizing by growing its renewable operations and helping to forge a next-generation energy supply chain.

Both companies look forward to realizing this vision together and leveraging synthetic methane to make LNG and city-gas operations as clean as possible.

(1) This study will examine the carbon-neutral potential of synthetic methane. CO2 life cycles in shipping and other supply-chain operations to achieving end-to-end carbon neutrality will be long term goal.

Inquiry Recipient:
Mitsubishi Corporation
Telephone:+81-3-3210-2171
Facsimile:+81-3-5252-7705

Source: Mitsubishi Corporation
Sectors: Energy, Alternatives

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

Related Press Release


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
 
Mitsubishi Corporation's Sale of Exportadora de Sal, S.A. de C.V., a Salt Production Company in Mexico
February 26 2024 13:29 JST
 
MC to Subscribe Shares in TVS Vehicle Mobility Solution in India
February 19 2024 16:42 JST
 
PoC Launched to Test Smart-charging Service Using EV Connected Technologies
February 15 2024 15:50 JST
 
Mitsubishi Corporation, KDDI CORPORATION, Lawson, Inc. have entered into the Capital Business Partnership Agreement
February 06 2024 16:27 JST
 
First Plant to be Operated under Hydroelectric Power Alliance Goes Online
February 01 2024 20:13 JST
 
Isuzu Joins Multi-interest Agreement to Promote Regional Transportation DX Self-driving Bus PoC Launched in Hiratsuka City
January 22 2024 17:40 JST
 
More Press release >>

Latest Press Release


More Latest Release >>