Mitsui O.S.K. Lines (MOL), ITOCHU Corporation, HIF Asia Pacific, and JFE Steel Corporation have agreed to conduct a feasibility study regarding carbon capture and synthetic fuels.
The study will encompass carbon dioxide (CO2) capture in Japan, transportation of CO2 to Australia, production and storage of synthetic fuel (e-fuel) derived from the captured CO2 in Australia, and the establishment of a comprehensive supply chain, including e-fuel export from Australia.
E-fuel, in this context, refers to liquid fuel produced by synthesizing hydrogen from renewable energy sources and CO2. The CO2 feedstock will be sourced from industries facing challenges in achieving decarbonization through conventional means.
According to MOL, e-fuel offers the advantage of utilizing existing infrastructure for transport and storage, including vessels, lorries, storage tanks, and fueling stations. Importantly, e-fuel can power various modes of transportation, without necessitating modifications to current equipment, making it an early and feasible decarbonization solution.
MOL, ITOCHU, HIF, and JFE Steel aim to leverage their respective networks and knowledge, with a focus on establishing an e-fuel supply chain. The initial phase of the project involves studying the application of e-fuel at JFE Steel as part of their broader commitment to contributing to a decarbonized society.
To remind, a few days ago Liquid Wind, together with Alfa Laval, Carbon Clean, Siemens Energy and Topsoe, announced the eFuel Design & Performance Centre (DPC) in Hørsholm, Denmark.
