MOL ups carbon capture wager with Kansai Power deal

Carbon capture is still expensive but costs could fall, as more and more players are jumping on the technology

23 December 2022 10:04 GMT Updated 23 December 2022 10:04 GMT

in Athens

Mitsui OSK Lines (MOL) is beefing up its decarbonisation strategy through a research programme into the capture and transport of the carbon emitted by a big Japanese electricity producer.

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MOL and the Kansai Electric Power Co (KEPCO) announced on Friday they signed a memorandum of understanding (MoU) to study a CO₂ capture-and-storage (CCS) value chain.