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Japan's JX Nippon plans to store 5 mln tonnes of carbon by 2030

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Japan's JX Nippon Oil & Gas Exploration Corp, a unit of ENEOS Holdings, aims to store 5 million metric tons of carbon by 2030.

"By 2030, we want 5 million tons per year of carbon storage. By 2040, it is 15 million tonnes. And 50 million tons by 2050," Tetsuo Yamada, JX Nippon's executive vice president and chief strategy officer, said on the sidelines of the Energy Asia conference on June 27.

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