OCTG supply contract signed with QatarEnergy

OCTG supply contract signed with QatarEnergy

Sumitomo Corporation started out by exporting Japanese steel pipes overseas and has since expanded its business scope to include wholesale, supply chain management, and maintenance, thereby contributing to the “development of local communities and economies” in various countries. In recent years, Sumitomo Corporation has also been working to combat climate change by selling steel pipes for natural gas development, which is considered to emit less CO2 when burned than oil, and steel pipes for CCS and CCUS projects, which contribute to the reduction of greenhouse gas emissions.We will continue to actively engage in fields that contribute to the realization of a carbon-neutral society.

(*1) Carbon-neutral ammonia that recovers and utilizes CO2 generated in the ammonia production process
(*2) Abbreviation for Carbon dioxide Capture and Storage, i.e., the capture and storage of CO2 emitted from industrial activities
(*3) Steel products that use the mass balance method to allocate greenhouse gas emission reductions such as CO2 in the steel manufacturing process.
(*4) Abbreviation for Carbon dioxide Capture, Utilization and Storage, i.e., the capture, storage and utilization of CO2 emitted from industrial activities

Location Map of QatarEnergy’s blue ammonia produciton plant / CCS

Source link : https://www.sumitomocorp.com/en/asia-oceania/news/topics/2024/group/20240614

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Publish date : 2024-06-14 03:00:00

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