CCUS is pioneering the way forward on the path to a carbon neutral world.
CCUS (Carbon dioxide Capture, Utilization and Storage) is the process by which CO
collected and recycled for use in socially indispensable products including aviation fuel (kerosene),
concrete, gas and chemicals. An introduction to the concepts behind this cutting-edge technology that
is helping the world achieve carbon neutrality, to the CCUS projects already underway in a range of
locales, and to the role played by Deloitte.
ACHIEVED WITH CCUS
The Role of CCUS in Achieving Carbon Neutrality
Carbon capture, utilization, and storage (CCUS) is attracting attention as a means of achieving carbon neutrality. By capturing COand effectively utilizing it, CCUS plays an essential role in achieving carbon neutrality as it helps to reduce CO emissions that cannot be reduced through the use of renewable energy or hydrogen.
Decarbonatization Pathway of the Ministry of Economy, Trade and Industry and JAPEX
Carbon Recycling Project in Tomakomai, Hokkaido Realizing a Net Zero Society
Decarbonization initiatives have accelerated ever since Japan’s declaration to achieve net-zero greenhouse gas emissions by 2050. Simply reducing CO2 emissions by expanding renewable energy and hydrogen is not enough to achieve carbon neutrality. The key lies in "carbon recycling," the process of capturing and reusing CO2. In Tomakomai, Hokkaido, investigations into the carbon recycling business have begun. Japan Petroleum Exploration (JAPEX), Deloitte Tohmatsu Consulting, and the Ministry of Economy, Trade and Industry (METI), three of the organizations involved in the project, explain its potential.
CCUS PROJECTS AROUND THE WORLD
Tomakomai CCUS Platform Project (Japan)
In Japan, the world's pioneering CCUS project is underway in Tomakomai, Hokkaido, involving the local community and many industries. The Port of Tomakomai is home to a major petroleum value chain and Japan‘s first COcapture and storage facility. Taking advantage of this feature, coupled with abundant renewable potential of Hokkaido, the project aims to realize a carbon-recycling business through cross-industry collaboration.
OUR SERVICE LINE TO SUPPORT CCUS PROJECTS
Deloitte member firms provide a comprehensive range of services across the entire value chain of the CCUS project
Services include support for consortium formation, R&D strategy formulation, regulatory consulting, accounting, tax assurance services, and the provision of assurance related to COemissions. With the wide range of services we offer, we will provide comprehensive support for CCUS projects worldwide.
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