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METI to designate model petrochemical complexes to promote decarbonization

The Ministry of Economy, Trade and Industry (METI) will designate model [petrochemical] complexes focusing on decarbonization efforts in May or later. The ministry aims to set up bases that are home to companies accepting next-generation fuels and developing decarbonization technologies in a bid to promote regional competition toward the goal of achieving net zero greenhouse gas emissions.

 

METI will designate five or so large-scale petrochemical complexes out of the nine such complexes nationwide. Local companies and municipalities will set up committees to show a course of action by the end of fiscal 2022. The ministry envisages inviting companies which accept and store hydrogen and ammonia, which do not emit carbon dioxide when burned, and produce fuels and chemical products by collecting CO2. (Abridged)

 

 

 

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