JAPEX companions with Invest Alberta to pursue CCS and hydrogen/ammonia tasks in Canada

Japan Petroleum Exploration (JAPEX) and Invest Alberta Company (IAC), an funding attraction company established by the federal government of Alberta, Canada, have shaped a partnership in search of to manufacture tasks in carbon hang and storage (CCS), carbon hang, utilization and storage (CCUS), bioenergy with CCS and blue hydrogen/ammonia areas.

JAPEX and IAC signed a memorandum of understanding (MoU) which entails enhance for JAPEX’s enterprise pattern in opposition to an environmentally sustainable society in the Province of Alberta, Canada.

Under the MoU, the parties will work collectively on capacity tasks of JAPEX in Alberta, leveraging JAPEX’s skills in petroleum exploration, manufacturing, and CCS/CCUS.

On the opposite hand, Invest Alberta will enhance JAPEX with its files of the local market and funding landscape.

Tomomi Yamada, Govt Management Officer, President of In a international country Industry Division II, JAPEX, stated: “We’re very livid to originate working along with Invest Alberta. JAPEX had a truly long-standing historical past of enterprise in Alberta in the areas of oil sands (as an operator) and natural gasoline.

“We’re if truth be told aiming to achieve support to Alberta and make contributions to its decarbonization, the employ of our skills and experiences gained thru the participation in CCS demonstration project in Japan by investing in the project firm and intensive E&P businesses in Japan as nicely as foreign.”

Rick Christiaanse, Invest Alberta CEO, commented: “Invest Alberta is honoured to accomplice with JAPEX to support the firm rob the opportunities that Alberta presents to investors. As Canada’s energy capital, Alberta has a talented workers and basic researchers in a position to advancing main tasks ahead in a welcoming enterprise atmosphere. JAPEX is a stable and priceless accomplice for Alberta, bringing intensive skills in the ability sector and a shared dedication to reaching get-zero thru environmentally sustainable tasks.”