Four Companies Announce Joint Feasibility Study of Large-Scale and Wide-Area Carbon Capture and Storage (CCS) Value Chain Project Using Ship Transportation

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter “ITOCHU”), Mitsubishi Heavy Industries, Ltd. (headquartered in Chiyoda-ku, Tokyo; Seiji Izumisawa, President and CEO; hereinafter “MHI”), INPEX Corporation (headquartered in Minato-ku, Tokyo; Takayuki Ueda, President & CEO; hereinafter “INPEX”), and Taisei Corporation (headquartered in Shinjuku-ku, Tokyo;Yoshiro Aikawa, President & CEO; hereinafter “Taisei”) announced today that they have signed a memorandum of understanding for a joint feasibility study on a large-scale and wide-area CCS value chain project using ship transportation for companies that emit carbon dioxide (hereinafter “CO2”) in Japan.