Japanese oil and auto giants collaborate on carbon-neutral fuels

In a groundbreaking collaboration, Idemitsu Kosan Co., ENEOS Corporation, Toyota Motor Corporation, and Mitsubishi Heavy Industries (MHI) have commenced a joint study aimed at the introduction and widespread adoption of carbon-neutral fuels to aid in the decarbonisation of the automotive industry. This initiative marks a significant step towards realising a carbon-neutral society, with plans to introduce these fuels in Japan by 2030.

Carbon-neutral fuels, which include synthetic fuels made from hydrogen and CO2 and biofuels derived from plants, promise to significantly reduce CO2 emissions throughout their lifecycle. These fuels are particularly advantageous for energy storage and transportation, making them suitable for widespread use in various industries.

Collaborative study

The four companies will explore various scenarios and roadmaps to integrate carbon-neutral fuels into Japan’s automotive market. They will also investigate production feasibility, focusing on Japan’s energy security.

• Idemitsu Kosan: With its “Shaping Change” vision for 2050, Idemitsu is committed to providing eco-friendly energy solutions and aims for the early introduction of synthetic and biofuels.
• ENEOS Corporation: ENEOS is dedicated to achieving a carbon-neutral society by balancing energy supply stability with reduced greenhouse gas emissions, focusing on hydrogen and renewable energy.
• Toyota Motor Corporation: Toyota is enhancing its multi-pathway approach to carbon neutrality, aiming to reduce CO2 emissions from internal combustion engines and develop engines for electrified vehicles.
• Mitsubishi Heavy Industries: MHI’s “MISSION NET ZERO” declaration for 2040 highlights its efforts to build CO2 and hydrogen solutions ecosystems, contributing to global carbon neutrality.

Industry implications

This joint effort underscores the importance of cross-industry collaboration in advancing sustainable technologies. The initiative is expected to pave the way for significant advancements in reducing automotive emissions and promoting environmental sustainability.