News Release
Japan’s CCUS capacity set to surge 30-fold by 2035
Japan's carbon capture, utilisation, and storage (CCUS) sector is entering a rapid expansion phase, with capacity projected to surge from current demonstration levels of 0.3 Mtpa to nearly 12.5 Mtpa by 2035, according to Wood Mackenzie. This 30-fold increase positions Japan at the forefront of Asia-Pacific's industrial decarbonisation efforts.
However, achieving full government targets will require accelerated development of cross-border storage partnerships. Wood Mackenzie forecasts Japan will reach its 2030 targets by 2035, with cross-border agreements requiring additional time to finalise.
