Toshiba and Cosmo Energy partner to study carbon capture

Cosmo is committed to facilitating harmony & symbiosis between our planet, humans & society in these changing times, says Shigeru Yamada, Cosmo Energy CEO

Carbon monoxide is attracting attention as a useful substance for carbon capture and utilisation (CCU). It can be used as a raw material for alcohols, such as methanol and ethanol, which are key substances  in chemical products and energy applications—as well as synthetic fuels by making it react with hydrogen.

Cosmo Energy Holdings Co., Ltd. and Toshiba Energy Systems & Solutions Corporation are conducting a joint study toward the realisation of carbon capture and utilisation that converts CO2 into a valuable resource by utilising CO2 electrolysis.

Toshiba ESS is working towards its vision of a world where people everywhere can access the energy they need to improve their quality of life. Toshiba Group is working towards net zero by 2050, and 50% reduction in greenhouse gas emissions across the value chain by 2030. Toshiba ESS is contributing to the progress of Toshiba Group's goals by reducing greenhouse gas emissions from business activities under Scope 1 and 2, and by providing equipment, systems, and services for power generating and transmitting systems and energy management technology under Scope 3.

The Cosmo Energy Group is also working towards net zero by 2050 as part of its sustainability strategy.

“COSMO remains committed to challenging ourselves so that we can continue to be an energy company that helps facilitate harmony and symbiosis between our planet, humans and society in these changing times,” shares Shigeru Yamada, CEO of Cosmo Energy Holdings, Co., Ltd.

“To maximise the value we provide as a corporation in this era of rapid change, we have formulated "Vision 2030" as our medium- to long-term aspiration and launched The Seventh Consolidated Medium-Term Management Plan, starting in fiscal 2023, under the slogan "Oil & New ~Next Stage~." In addition to safely and stably delivering petroleum-based energy, our current core business, to our customers and generating solid earnings, we will reinvest profits in renewable energy and related services that will support the coming era and nurture our next-generation business portfolio.”

 

Carbon capture powered by renewable energy

Toshiba ESS will provide a CO2 electrolysis technology that electrolyses CO2 to produce carbon monoxide at a high conversion rate. 

 

The Cosmo Energy Group will use this technology to produce a valuable derived from CO2 emitted from its refineries and other facilities — all of which will be powered by renewable energy from Cosmo Energy Group.

 

Through this joint study, both Cosmo Energy Holdings and Toshiba ESS aim to realise carbon capture and utilisation utilising CO2 electrolysis technology at refineries and other facilities operated by the Cosmo Energy Group. In addition, the two companies will also consider using oxygen produced as a byproduct of CO2 electrolysis to contribute to energy conservation and reduction of CO2 emissions at refineries.

 

*********************************************

For more energy insights check out the latest edition of Energy Digital Magazine and be sure to follow us on LinkedIn & Twitter.

You may also be interested in Sustainability Magazine and EV Magazine

*********************************************

Net Zero LIVE will be hosted live from the QEII Centre, London on the 6th and 7th of March, and streamed globally via our virtual event platform Brella. Net Zero LIVE London will feature four LIVE themes, incorporating Sustainability LIVE, EV LIVE, Scope 3 LIVE, and Energy LIVE to deliver a holistic conference and exhibition experience with opportunities to connect with like-minded peers and actively contribute to crafting a sustainable future. Following Net Zero LIVE, viewers can also sign up for Sustainability LIVE Dubai and Singapore. 

Sign up to the The Global Sustainability & ESG Awards 2024, coming to London on the 11th September 2024. 

*********************************************

BizClik is a global provider of B2B digital media platforms that cover Executive Communities for CEOs, CFOs, CMOs, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare + Food & Drink.

BizClik – based in London, Dubai, and New York – offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.

Share

Featured Articles

Q&A: ENGIE Impact’s Exec MD for EMEA & APAC Mark Chadwick

Companies must look forward and devise strategies to decarbonise their operations. ENGIE Impact’s 2024 Net Zero report shares their ambitions vs. actions

Mercedes F1 Team first in motorsport to sign Climate Pledge

Mercedes-AMG PETRONAS F1 have become the first motorsport team to sign The Climate Pledge, committing to reach Net Zero carbon emissions by 2040

Onward: Shell Launches Trailblazing Global Climate Tech

Powered by Shell, Onward’s new advisory board includes executives from major global companies including Nike and XPRIZE to accelerate the energy transition

Bechtel & Westinghouse Unite for European Nuclear Power

Renewable Energy

Swedish Power Company Vattenfall Celebrates 115 years

Utilities

Amazon to use Half of Offshore Wind Farm’s Renewable Energy

Renewable Energy