Seven Companies Announce to Conduct a Joint Study on Japanese Advanced CCS (Carbon Capture and Storage) Project

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter "ITOCHU"), Nippon Steel Corporation (headquartered in Chiyoda-ku, Tokyo; Eiji Hashimoto, President; hereinafter "Nippon Steel"), Taiheiyo Cement Corporation (headquartered in Bunkyo-ku, Tokyo; Masafumi Fushihara, President; hereinafter "Taiheiyo Cement"), Mitsubishi Heavy Industries, Ltd. (headquartered in Chiyoda-ku, Tokyo; Seiji Izumisawa, President and CEO; hereinafter "MHI"), ITOCHU Oil Exploration Co., Ltd. (headquartered in Minato-ku, Tokyo; Takumi Hiraga, President & CEO; hereinafter "CIECO"), INPEX Corporation (headquartered in Minato-ku, Tokyo; Takayuki Ueda, President & CEO; hereinafter "INPEX"), and Taisei Corporation (headquartered in Shinjuku-ku, Tokyo; Yoshiro Aikawa, President and CEO; hereinafter "Taisei") announced today that the Tohoku Region West Coast CCS initiative (hereinafter "the Initiative"), that the seven companies jointly proposed, has been selected by the Japan Organization for Metals and Energy Security (hereinafter "JOGMEC") to conduct a feasibility study on Japanese Advanced CCS Project (hereinafter "Study"), a public offered project in FY2023.