Japan’s JFE joins Japan-Malaysia CCS value chain study

Japanese steel mill JFE Steel plans to work with domestic firms to capture CO2 emissions from its steel production, in efforts to establish a carbon capture and storage (CCS) value chain from Japan to Malaysia.

JFE Steel signed an initial agreement with upstream developer Japex, engineering firm JGC, and shipping firm K-Line to explore the possibility of separating and collecting CO2 from its steelworks and delivering liquefied CO2 to Malaysia, with the firms aiming to estimate required facilities and costs. Japex, JGC, and K-Line previously looked for potential CO2-emitting firms, under a separate CCS value chain tie-up with Malaysia’s state-owned Petronas, before deciding to collaborate with JFE.

JFE Steel will not be directly involved in the collaboration with Petronas, but its deal will be in line with the Petronas study in terms of CO2 receipt and storage in Malaysia.

JFE Steel is aiming for an 18% reduction in its CO2 emissions based on 2013-14 levels by the April 2024-March 2025 fiscal year and a 30pc cut by 2030-31, ahead of its 2050 carbon neutral goal.

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