MHI Hosts Successful CO₂ Capture Plants User Conference in Bahrain -- Reflect Customer Feedback for Further Enhancement of Technologies, Performance, and Services --

Tokyo, June 29, 2023 - Mitsubishi Heavy Industries, Ltd. (MHI) held a user conference on May 17-18 in Manama, the capital of Bahrain, mainly for customers who have adopted MHI's carbon dioxide capture technology. The conference, organized jointly with the Bahrain-based petrochemical firm Gulf Petrochemical Industries Company (GPIC), was held to present MHI's latest technologies, as well as serve as a platform to network and exchange information regarding operations, while also providing MHI with direct customer feedback to support further enhancement of technologies, performance, and services.

Attending the conference was Bahrain's Minister of Oil and Environment, and the Japanese Ambassador to Bahrain, along with nearly 100 participants representing 18 companies and organizations, including leading Bahraini corporations, government agencies, and universities. MHI highlighted how its cutting-edge technologies and experience can contribute to strengthen Bahrain's Environment Policy. It will also enhance the presence of MHI Group in the Middle East by proactively responding to questions from the attendees with a keen interest in the field of CO₂ capture.

The conference was held jointly with GPIC owing to MHI's record of providing CO₂ capture technology for the company's petrochemical plants. This was the second joint conference, following a previous gathering in 2015. Going forward, MHI will continue to actively solicit customer feedback and make further advancements in technological innovation, not only provide customers with CO₂ capture technology and equipment, but expanding its range of services to meet customer needs after the plant operation.

MHI Group has declared MISSION NET ZERO to achieve carbon neutrality by 2040, and the Company is now undertaking strategic initiatives toward decarbonizing the energy supply side. Establishing a CO₂ solutions ecosystem that links diverse carbon emission sources with solutions for storage and utilization is a core aspect of this initiative. MHI Group will utilize its proprietary CO₂ capture technology to strengthen its CCUS (Carbon dioxide Capture, Utilization and Storage) business, contribute as a solution provider to reductions in greenhouse gas emissions on a worldwide scale, and further pursue development of solutions that contribute to the protection of the environment.

Comments from participants:

■ H.E. Dr. Mohammed bin Mubarak Bin Daina, Minister of Oil and Environment and the Special Envoy for Climate Affairs,
His Excellency Dr. Mohammed bin Mubarak Bin Daina, Minister of Oil and Environment, Special Envoy for Climate Affairs highlighted that Bahrain seeks to reinforce ambitious environmental policies and projects to reduce carbon emissions and achieve carbon neutrality.
He expressed his thanks to MHI and GPIC for hosting this environmental event that showcases the latest technologies and studies in this field of decarbonization.

■ H.E. Mr. Masayuki Miyamoto, Ambassador Extraordinary and Plenipotentiary of Japan to the Kingdom of Bahrain,
"As long as we exist as human beings, we can't completely halt emissions. Therefore, our focus must be on how to neutralize the carbon dioxide emissions we produce. This brings to light the importance of CCS or CCUS technologies, standing for Carbon dioxide Capture, Utilization and Storage. I am proud that Mitsubishi Heavy Industries, as one of Japan's leading proponents of this technology, has been contributing to emission reduction efforts here in Bahrain and across other countries, assisting in their journey towards achieving carbon neutrality."

■ Mr. Yasser Abdulrahim Alabbasi, Chief Executive Officer (CEO) of GPIC,
"This conference serves as a platform to explore the advantages of technologies and processes related to carbon capture, utilization, and storage. It also showcases the latest innovations and advances in commercially available CO₂ recovery processes. GPIC was the pioneer company in the Middle East to build, in collaboration with MHI, the first carbon dioxide recovery unit. We are proud to be collaborating once again to host this conference, enabling us to share knowledge, insights, and expertise on capturing CO₂, a vital step in achieving the kingdom's objective of net zero by 2060."

■ Mr. Makoto Susaki, Senior Vice President (CCUS), Engineering Solutions, Mitsubishi Heavy Industries, Ltd.
"The decarbonization efforts in front of us are being developed globally with the goal of achieving carbon neutrality by 2050, and various initiatives and systems are being developed in each country and region.
Under these circumstances, MHI is also working to build a CO₂ ecosystem and looking at what we can do and offer not only for CO₂ capture but for the entire CCUS value chain. We are proud that the CO₂ capture technology we have nurtured together with our license users is one of the world's top runners, and we will continue to improve and develop it based on your feedback."

About MHI Group's CO₂ capture technology
MHI Group has been developing the KM CDR Process™ (Kansai Mitsubishi Carbon Dioxide Recovery Process) and the Advanced KM CDR Process™ in collaboration with Kansai Electric Power since 1990. As of June 2023, the Company has delivered 15 plants adopting the KM CDR Process™, and three more are currently under construction. The Advanced KM CDR Process™ uses KS-21™, which incorporates technological improvements over the amine-based KS-1™ solvent adopted at all 15 of the commercial CO₂ capture plants MHI Group has delivered to date. The advanced version offers superior regeneration efficiency and lower deterioration than the KS-1™, and it has been verified to provide excellent energy saving performance, reduce operating costs, and result in low amine emissions.

For further information on MHI's CO₂ capture plants:

• https://www.mhi.com/products/engineering/co2plants.html