Japan traders Mitsubishi, Mitsui mull carbon storage project off Australia

Major Japanese trading houses Mitsubishi Corp. and Mitsui & Co. are studying the feasibility of commercializing a carbon capture and storage project on the seabed off the coast of Australia, sources familiar with the matter said Thursday.The process, also known as CCS, has been attracting attention as a technology critical to achieving a decarbonized society, with the envisaged facility expected to be operational in 2030 at the earliest.The project is likely to be carried out in cooperation with resources companies such as British multinational oil and gas company BP plc, and will first cap…READ FULL ARTICLE