When combined with chemical processes and biotechnology based on catalytic reactions and microorganismsm, this synthetic gas can now be used to produce synthetic fuels and basic chemicals that can contribute to decarbonization in these sectors.Īlthough the potential for absolute CO₂ emissions reduction is relatively small compared to other industrial sectors because of low production volumes, innovations in the fine chemicals sector do offer opportunities to make a meaningful environmental impact. One potential solution is new technology that produces synthetic gas from various carbon sources such as recovered CO₂. In the fuel and basic chemicals industrial sectors, there is an urgent need to promote of bio-jet fuel to help the aviation industry reduce its carbon footprint. To address this challenge, research projects are advancing worldwide to pilot new technologies that recover and recycle the CO₂ generated in this process as well as develop new concrete products that actively absorb CO₂ from the atmosphere and capture it inside the concrete when the concrete hardens. In the cement and concrete industrial sectors, large amounts of CO₂ are released during the firing of limestone and clay that splits the materials into CO₂ and calcium oxide (CAO). *Source: Prepared by METI from materials first presented by the GI Promotion Council Working Group Industrial Applications of CCUS As the chart below shows, the potential market will include investment in plants to facilitate carbon capture storage as well as the chemicals and membranes required for the separation and recovery of CO₂. *Source: Prepared by METI from materials first presented by the GI Promotion Council Working Groupīy 2050, the global market to support the development of CCUS is forecast to grow to 10~12 trillion yen (about USD100-120 billion). While costs are currently high, they are forecast to fall significantly by 2050. The chart below tracks CO₂ recovery costs in the US, China and Japan. Please see more information about this exciting program here. Alongside efforts to promote CCUS, Japan, through its "MOONSHOT program, is also actively developing and promoting Direct Air Capture technology that can recover CO₂ directly from the atmosphere beyond the emissions generated by industrial activities. Consequently, it has a key role to play in decarbonization and the addressing the challenge of global climate change. Carbon Capture, Usage and Storage (CCUS) is a technology that can capture and make effective use of the high concentrations of CO₂ emitted by industrial activities.
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