Japex signs MoU with Alberta for CCS, hydrogen/ammonia

Japan Petroleum Exploration (Japex) announced on March 4 that it has signed a memorandum of understanding (MOU) with Invest Alberta Corporation (IAC), a state-backed entity, to collaborate on the development of carbon capture and storage (CCS), blue hydrogen, and ammonia business in Alberta.

"Japex had a very long-standing history of business in Alberta in the areas of oil sands (as an operator) and natural gas,” said Tomomi Yamada, executive management officer, president of Overseas Business Division II, Japex. “We are now aiming to come back to Alberta and contribute to its decarbonisation.”

Established by the Province of Alberta, Invest Alberta provides tailored support to companies, investors, and major new projects. 

Rick Christiaanse, CEO of Invest Alberta, said, "Invest Alberta is honoured to partner with Japex to help the company seize the opportunities that Alberta offers to investors. As Canada's energy capital, Alberta has a skilled workforce and renowned researchers capable of advancing major projects forward in a welcoming business environment."

As part of JAPEX2050, Japex's initiative to realise a carbon-neutral society, the company has set the commercialisation of fields contributing to achieving net-zero emissions as a focused effort. This includes the development of CO2 injection and storage technologies.