Decarbonization

ENGINEERING

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Global Trends

The world is moving towards a decarbonized society. At present, many countries and companies are pushing to reduce CO₂ emissions and achieve Carbon Neutrality by 2050.
It is necessary to reduce CO₂ emissions by promoting both CO₂ reduction and CO₂ recovery in order to achieve net zero greenhouse gas emissions (net zero carbon) and realize a global Carbon Neutral society.

Annual CO₂ Capture Required to Achieve Carbon Neutrality by 2050

A variety of methods to reduce CO₂ emissions are needed to achieve Carbon Neutrality by 2050. However, even after these reduction efforts, around 4.3-13 Gtons/year of CO₂ emissions are expected to remain.
To capture this remaining CO₂, 100 to 300 times the current global CO₂ capture capacity will be needed. By 2050, CO₂ capture will operate in a wide range of industries, including manufacturing, fuel production (including blue fuels), power generation, aviation, and transportation, which means CCUS will be essential in a wide range of industries in the future.

Anthropogenic CO₂ Emissions: CO₂ emitted by human activities, including industrial factories

What's CCUS

CCUS is an abbreviation of Carbon dioxide (CO₂) Capture, Utilization, and Storage.
(Transportation is also required, though it is not included in the acronym.)
Promoting CCUS is vital to realize a global Carbon Neutral society.

CO₂ storage (CCS) development plans underway mainly in the Americas and Europe, and hundreds of storage sites need to be developed around the world to store the projected 4.3 to 13 Gtons/year of emissions.
According to the International Energy Agency, worldwide storage potential is estimated to be more than 8 trillion tons (equivalent to more than 600 years of emissions at projected 2050 levels).
Vast acceleration of CCS with significant increase in number of storage sites and construction of a CO₂ network including transportation is needed. At the same time, CCUS faces institutional, scaling, and technical challenges – all of which require innovative solutions to overcome.

Mitsubishi Heavy Industries (MHI) Group CCUS Solutions

MHI Group hereby make the declaration of achieving Carbon Neutrality by 2040.
Realizing a Carbon Neutral society is a global issue, we believe that as a technology leader, with a proven track record in the field of decarbonization, it is MHI Group's responsibility to help lead the fight against climate change.
The declaration sets a target to reduce CO₂ emissions across MHI Group's value chain to net zero by 2040, and CCUS's contribution is an important factor in achieving this target.
MHI Group aim to contribute to effective solutions, to maximize cost effectiveness, and significantly reduce CO₂ emissions by optimizing the entire CCUS value chain, including CO₂ capture, transportation, utilization, and storage.
To establish stable CCUS value chain, we are expanding our lineup of CCUS-related products, including state-of-the-art CO₂ capture technology, compact CO₂ capture system, LCO₂ vessels, compressors, and CO₂NNEX^™ which is a digital platform enable visualization of CCUS value chain.

MHI Group’s Declaration to achieve Carbon Neutral by 2040

MHI Group Energy Transition website CCUS page

Technologies and product lineups

MHI Group has essential technologies and products related CCUS such as CO₂ capture, transportation, and compression etc.. We also have been accelerating further development and expanding use of the technologies according to the market growth. In addition, MHI Group is also working to improve its CCUS business portfolio as a whole by studying the utilization of CO₂ in various fields.

GX Solutions own proprietary CO₂ capture technology and has a track record of commercial CO₂ capture plants all over the world. Furthermore, We are commercializing compact CO₂ capture systems and it coordinates various technical support for CO₂ capture related business within MHI Group.

In order to accelerate decarbonization, CO₂ capture technologies from a variety of emissions sources are required. To meet these needs, we have been developing new proprietary technologies such as dry type and DAC (Direct Air Capture) systems etc.. As a provider of CO₂ capture technology, we also aim to support customers by remote monitoring and CaaS (CO₂ capture as a Service) and after-service and O&M (Operation and Maintenance).

Column 1: CO₂NNEX^™

Mitsubishi Heavy Industries and IBM Japan are developing "CO₂NNEX^™" Digital Platform for Visualization of the CCUS value chain. Specifically, the companies are working to preserve a clean global environment in the coming new era through visualization and strengthening of the CO₂ supply chain, for which limited options for storage or conversion are currently available in order to expand the range of application alternatives and foster a worldview in which all stakeholders are able to work together to protect the global environment.

Column 2: Voice of the Customer

Customer feedback indicates that MHI Group's proven track record, superior engineering capability, and wide breadth of experience are our strengths.
Quote form CCUS Briefing held in October 2021.

CCUS Briefing