Author: garlandblacket7

Mitsubishi Corporation (“MC”) is pleased to announce that it has reached an agreement with the Texas-based independent energy company Denbury Inc (“Denbury”) on the key term-sheet of CO2 transport and storage operations, via Denbury’s wholly owned subsidiary Denbury Carbon Solutions LLC (“DCS”). The business is in line with MC’s aim to commence production of fuel-use ammonia (“fuel ammonia”) in the US Gulf of Mexico (“GoM”). MC aims to produce one million tons of fuel ammonia annually in the US GoM and export to the Japanese market towards the late 2020s. The estimated CO2 volume to be captured from the ammonia ... Read more