• Bloomberg


Japan Petroleum Exploration Co. plans to develop a carbon-capture business and wants to lead a project to trap and store pollution from coal-fired power plants in oil wells in northeastern China.

“Our research techniques for analyzing geological layers that we have acquired through our oil-exploration business will be well utilized,” Managing Director Shoichi Ishii said in an interview. He also heads Japan CCS Co., a venture between 25 Japanese companies that want to participate in the project at the Daqing oil field.

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