HomeAll NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Japan's Inpex to test undersea CO2 storage near Tokyo

Created at 22 Jul · 5:36 PM1 source↑ Market-relevant
IN SHORT

Japanese energy giant Inpex, alongside Nippon Steel and Kanto Natural Gas Development, is launching trial drilling to assess the seafloor's suitability for carbon capture and storage (CCS) near Tokyo. The project aims to store CO2 emitted from industrial sources beneath the seabed off Chiba Prefecture, with commercial operations targeted for the early 2030s.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

73 to 74 centimeterspipeline diameter
6,230 feetdepth of first well
5,250 feetdepth of second well

Who's Involved

Inpex
Japanese energy giant conducting trial drilling for CCS project
Nippon Steel Corporation
Partner in CCS project, emitting CO2 from East Nippon Works Kimitsu Area
Kanto Natural Gas Development Co., Ltd.
Partner in CCS project and joint venture establishment
Metropolitan CCS
Joint venture between Inpex and Kanto Natural Gas Development for CCS project
Japan Organization for Metals and Energy Security (JOGMEC)
Commissioned surveys and design work for the CCS project
Ministry of Economy, Trade and Industry
Granted approval for offshore exploration drilling
Japan's Inpex to test undersea CO2 storage near Tokyo

↳ Why This Matters

This project represents a significant step in Japan's efforts to combat global warming by developing offshore carbon capture and storage infrastructure, potentially enabling major industrial emitters to reduce their carbon footprint.

Key facts

  • Inpex will conduct trial drilling to assess undersea CO2 storage potential off the coast of Chiba prefecture, Japan.
  • The Metropolitan Area CCS Project aims to capture CO2 from industrial sources in the Tokyo metropolitan area and store it beneath the seabed.
  • Metropolitan CCS, a joint venture of Inpex and Kanto Natural Gas Development, received approval for offshore exploration drilling.
  • The project involves drilling two wells to depths of approximately 6,230 and 5,250 feet to evaluate geological formations.
  • Commercial CO2 storage operations are targeted for the early 2030s.
  • The project is supported by the Japan Organization for Metals and Energy Security (JOGMEC).

Japanese energy giant Inpex is set to commence trial drilling off the coast of Chiba prefecture, near Tokyo, to evaluate the feasibility of storing carbon dioxide (CO2) beneath the seafloor. This initiative, part of the Metropolitan Area CCS Project, is a collaborative effort involving Nippon Steel Corporation and Kanto Natural Gas Development Co., Ltd., and is supported by the Japan Organization for Metals and Energy Security (JOGMEC).

The project aims to capture CO2 emissions from Nippon Steel's East Nippon Works in Kimitsu and other industrial facilities within the Keiyo coastal industrial region. The captured CO2 will be transported through a pipeline, expected to be 73 to 74 centimeters in diameter, and injected into underground geological formations off the coast of Kujukuri town for long-term storage.

Metropolitan CCS, a joint venture established by Inpex and Kanto Natural Gas Development, has received approval from Japan's Ministry of Economy, Trade and Industry to proceed with offshore exploration drilling. The drilling operations will involve two wells, with the first targeting a depth of approximately 6,230 feet and the second around 5,250 feet, to assess the reservoir and cap rock layers within the Kazusa Group. These operations will be conducted using a jack-up drilling rig.

This project is a critical step in Japan's broader strategy to reduce industrial emissions and achieve carbon neutrality. The companies involved have begun engaging with local communities, fisheries, and regional authorities to address concerns, particularly regarding the pipeline route crossing the Boso Peninsula. Commercial operations for CO2 storage are anticipated to begin in the early 2030s, contingent on the success of the current engineering and design phases.

Frequently asked questions

The project aims to capture CO2 emitted from industrial sources in the Tokyo metropolitan area and store it beneath the seafloor off the coast of Chiba Prefecture.

The project involves Inpex, Nippon Steel Corporation, and Kanto Natural Gas Development Co., Ltd., operating under the joint venture Metropolitan CCS.

Commercial CO2 storage operations are targeted to begin in the early 2030s.

Some communities have raised concerns regarding the proposed pipeline route that will cross the Boso Peninsula.

What Happens Next

01Drilling operations for the Kujukuri-Oki A well are expected to commence.
02A second well, Kujukuri-Oki B, is planned several months after the first.
03Metropolitan CCS aims to advance engineering design and support plans for commercial CO2 storage in the early 2030s.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence
CME Headlines
  • WTI Crude Oil futures rallied as tight supplies offset build.
    22 Jul · 5:58 PM
  • WTI Crude Oil futures rallied as tight supplies offset build.
    22 Jul · 5:58 PM
  • Gold futures rose on technical buying as dip buyers returned.
    22 Jul · 5:58 PM

How It Developed

Inpex will begin trial drilling for a carbon capture and storage project off the coast of Chiba prefecture.
The project, named the Metropolitan Area CCS Project, involves capturing CO2 from Nippon Steel's East Nippon Works Kimitsu Area and other industries in the Keiyo coastal industrial region.
Captured CO2 will be transported via pipeline and stored beneath the sea off Kujukuri.
Metropolitan CCS, a joint venture between Inpex and Kanto Natural Gas Development, received approval from Japan's Ministry of Economy, Trade and Industry for offshore exploration drilling.
Exploratory drilling will target geological formations within the Kazusa Group, focusing on reservoir and cap rock layers.
The first well is planned to reach approximately 6,230 feet below sea level, with a second well to follow.
Operations will use a jack-up drilling rig, with initial drilling several miles offshore.
Metropolitan CCS aims to use gathered data to advance engineering design and support plans for commercial CO2 storage in the early 2030s.

Sources

T1
Japan's Inpex to test undersea CO2 storage near Tokyo in green steel pushNikkei Asia
T2
3 firms plan to pipe CO₂ under the sea in global warming fightasahi.com
T2
Japan Approves Offshore Carbon Storage Exploration Near Chibacarbonherald.com
T2
Metropolitan Area CCS Project | INPEX CORPORATIONinpex.com

Related Stories

Japan Power Prices Hit 3.5-Year High Amid Soaring Fuel Costs and Heat Waves
22 Jul · 11:06 AM
Lynas raises Malaysia expansion costs amid China export curbs
22 Jul · 5:16 AM
Panama Considers State-Owned Miner for Cobre Panama Mine Reopening
22 Jul · 2:29 PM
South Korea scrap imports down 16.5% in 1H
22 Jul · 7:11 AM
China's Import Decisions to Influence Oil Prices This Year
22 Jul · 12:56 AM