ENEOS Corporation (President and CEO: Takeshi Saito, "ENEOS") and Toshiba Energy Systems & Solutions Corporation (President and CEO: Tadasu
Yotsuyanagi, ”Toshiba”) have concluded a basic agreement on a joint feasibility study of a synthetic fuel production system integrating CO2 electrolysis technology.
Efforts are underway in Japan’s consumer and industrial sectors to achieve carbon neutrality by 2050, under the “Carbon Recycling Roadmap” formulated by the Ministry of Economy, Trade and Industry (METI). Under this strategic agreement, ENEOS and Toshiba aim to evaluate the manufacture of synthetic fuels, a highly promising application of carbon recycling technology that converts exhaust gases and atmospheric carbon dioxide into useful substances.
Synthetic fuel is a liquid fuel made from hydrogen derived from renewable energy sources（CO2-free hydrogen） and CO2. It has unique composition and the potential to reduce CO2 emissions throughout its entire lifecycle, from raw material production to end-user consumption, making it a pivotal contributor to achieving a carbon neutral society.
Toshiba Group has cutting-edge CO2 electrolysis technology that converts CO2 into highly chemically active carbon monoxide (CO) *1 at the world's highest CO2 conversion rate*2, and ENEOS has expertise in FT catalysis technology*3 and insights into petroleum product manufacturing and product quality. Their collaboration will explore a production process that integrates these technologies, and assess its properties and commercial viability.