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Japan

Carbon dioxide project in Indonesia to begin

TOKYO - Kansai Electric Power Co and Electric Power Development Co will participate in a carbon dioxide recycling project in Indonesia led by Nissho Iwai Corp and Mitsubishi Heavy Industries Ltd.

The project - estimated to cost about 100 billion yen (US$847 million) - collects carbon dioxide from such facilities as electric power plants and injects it into the ground. The project was started last June through a joint effort between Nissho Iwai, Mitsubishi Heavy Industries and an energy research and development organization affiliated with Indonesia's Ministry of Energy and Mineral Resources.

Kansai Electric, which jointly developed decarbonization technology that extracts carbon dioxide from exhaust gases with Mitsubishi Heavy Industries, will determine whether the technique can be applied to this project. By applying the expertise gained from previous emissions gas reduction projects, Electric Power aims to determine whether the operation can be commercialized. Both firms will decide on their investment levels pending the survey results.

While Japanese companies are required to cut carbon dioxide emissions based on the Kyoto Protocol, the potential reductions in domestic operations are limited. By cooperating in overseas efforts, companies are able to secure emission rights while meeting the overall reduction target.

(Asia Pulse/Nikkei)

Jul 1, 2003

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