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JOGMEC to supply financing
for Japan’s hydrogen,
ammonia projects using CCS
JAPAN JAPAN Oil, Gas and Metals National Corpora- Japan’s parliament in May passed legislation
tion (JOGMEC) announced this week that it will that allows JOGMEC to provide financing for
provide financial and technical support for blue hydrogen, ammonia and CCS projects.
hydrogen and ammonia projects in Japan using In August JOGMEC announced that it would
carbon capture and storage (CCS). JOGMEC is participate in a joint study for injecting CO2
already involved with supporting a number of into wells at Indonesia’s Jatibarang field in West
projects that are employing CCS as a means of Java as part of an enhanced oil recovery (EOR)
reducing carbon emissions. and CCS project that will test carbon storage in
Speaking in Tokyo on September 6, JOG- depleted oil and gas fields.
MEC executive vice president Satoshi Asawa JOGMEC announced the publication of its
said the state-run company would have a “new first version of ‘recommended guidelines for the
mission to help realise a carbon-neutral society. implementation of carbon dioxide capture and
We intend to pursue carbon neutrality by focus- storage (CCS) projects’ in May this year. The
ing on blue hydrogen and ammonia projects for announcement said that the company would
the time being…but we are looking at increasing “maximise its experience in resource develop-
the number of green projects in the future,” he ment accumulated over the past 50 years, and as
said at a Clean Coal Day International Sympo- a core organisation responsible for energy secu-
sium, according to Reuters. rity, will strengthen its support for LNG, hydro-
Blue hydrogen and ammonia are produced gen, ammonia and CCS projects being promoted
using natural gas or coal whereby the carbon by Japanese companies.”
emissions are captured and stored away using In November last year, JOGMEC joined the
the technical process of CCS. This technology CCS+ initiative, which was set up in April 2021
has yet to prove efficient. Green hydrogen and by major IOCs for the purpose of establishing
ammonia are produced by using renewable standards for carbon accounting methodologies
sources of energy to power a process called elec- by CCS activities.
trolysis, which generates hydrogen from water. JOGMEC said in the announcement that it
Green hydrogen continues to face high costs would actively promote international co-opera-
and problems created by the lack of a global sup- tion in the field of CCS to contribute to the reali-
ply chain. However, governments worldwide are sation of a carbon-neutral society and stabilising
funding numerous projects designed to make the supplies of natural resources and energy.
hydrogen commercially viable and a suitable
alternative to hydrocarbons.
P10 www. NEWSBASE .com Week 37 14•September•2022
