📋 Tender Overview
Visualization of the CCUS CO2 Capture Utilization and Storage value chain and streamlining of the CO2 supply chain will highlight existing issues and expand the range of utilization options. MHI to build efficient CO2 infrastructure in the physical world with IBM Japan handling the digital network in the cyber world.Mitsubishi Heavy Industries Ltd. MHI and IBM Japan Ltd. IBM Japan to contribute to the realization of carbon neutrality with net zero carbon dioxide CO2 emissions are partnering to develop CO2NNEXTM a digital platform that aims to advance the transition to a new society in which emitted CO2 is utilized as an industrial input. Specifically the companies are working to preserve a clean global environment in the coming new era through visualization and strengthening of the CO2 supply chain for which the limited options currently are storage or conversion in order to expand the range of application alternatives and foster a worldview in which all stakeholders are able to work together to protect the global environment.As countries around the world set targets to achieve carbon neutrality by 2050 expectations have risen for CO2 capture utilization and storage CCUS. Currently the only alternatives for recovered CO2 are either storage and processing at a disposal cost or trading as a feedstock. To enhance viability for CO2 as an industrial input it will be crucial to expose the current issues and challenges in the CCUS value chain and create a structure that optimizes all aspects of the supply chain process including recovery transport storage distribution and conversion.To achieve this goal MHI and IBM Japan plan to utilize CO2NNEXTM to enhance the transparency of the CCUS value chain. Currently CO2 is only visible at each step such as the total amount captured or the amount that is transported traded and stored. Linking and visualizing this data and providing traceability will permit verification from an investment and cost standpoint. The system will also expand the scope of CO2 utilization by matching CO2 emitters with companies who are able to use it providing supply for new applications in such sectors as industry agriculture and alternative e-fuel. A more dynamic ecosystem will promote carbon neutrality and with the early adoption of CO2NNEXTM and strengthening of the CO2 supply chain will accelerate global environmental protection.CO2NNEXTM is a digital platform that utilizes blockchain to guarantee neutrality and fairness and ensure advanced information security along with cloud services for rapid development and flexibility and AI to optimize supply and demand for earlier carbon neutrality. MHI and IBM Japan will utilize their respective strengths for the development handling the areas outlined below. Evaluation of the business is planned to begin with a Proof of Concept PoC for the digital platforms verification and deployment which will be conducted from May 2021.MHIMHI will draw on its technology for exhaust gas CO2 recovery and worldwide commercial installations together with its long-established relationships with customers and knowledge regarding potential issues in the CCUS value chain to validate the building of infrastructure in the physical world including installing smart meters to monitor the physical volume and state of CO2 at each point in the value chain encompassing emission capturing compression transport storage distribution and utilization and effectively utilize the collected data. MHI is committed to strengthening and diversifying its CO2 capture and utilization business CO2NNEXTM is an important part of this effort which will help ensure the energy transitions success toward realizing a carbon neutral world.IBM JapanIBM Japan will consider building CO2NNEXTM utilizing global project experiences and the IBM Blockchain Platform that allows data sharing with a high degree of safety transparency and reliability and the Hybrid Cloud AI with an arrangement of intelligent and flexible IT components to facilitate visualization automation and optimization of value chains. The company will also consider deploying industry consultants with a wealth of knowledge and skill in digital transformation DX across a range of industries to plan and verify the digital platform.MHI and IBM Japan centered on CO2NNEXTM aim to achieve carbon neutrality and accelerate growth for industry.
