Japan Petroleum Exploration Co. (JAPEX) signed a memorandum of understanding (MOU) with Invest Alberta Corporation (IAC) to partner together to support JAPEX’s development of its business toward environmentally sustainable society in the Province of Alberta, Canada.
The MOU signifies the intent of both parties to work jointly on potential projects of JAPEX in Alberta, leveraging JAPEX’s extensive experience in petroleum exploration, production and CCS (Carbon dioxide Capture and Storage) / CCUS (Carbon dioxide Capture, Utilization, and Storage), while Invest Alberta will support JAPEX with its in-depth knowledge of the local market and investment landscape.
On this partnership, JAPEX is seeking to develop the projects in several areas:
- CCS/CCUS
- BECCS (Bioenergy with Carbon dioxide Capture and Storage)
- Blue Hydrogen/Ammonia Business
Established by the Province of Alberta, Invest Alberta provides high-end tailored support to companies, investors, and major new projects. As one of North America’s leading investment attraction organizations with teams strategically placed around the world, including in Tokyo, Invest Alberta breaks down barriers so businesses can start up, scale up, and succeed without limits.
As Canada’s energy capital, Alberta has a skilled workforce and renowned researchers capable of advancing major projects forward in a welcoming business environment. JAPEX is a strong and valuable partner for Alberta, bringing extensive experience in the energy sector and a shared dedication to achieving net-zero through environmentally sustainable projects.
…said Rick Christiaanse, Invest Alberta CEO.
