US-based carbon captured specialists Denbury will transport and sequester carbon dioxide (CO2) captured at Mitsubishi’s ammonia facilities in an agreement that both parties believe will help contribute towards a low-carbon society.

According to a statement released by Denbury, Mitsubishi aims to introduce its fuel ammonia to the Japanese market, aiming to reach an ammonia volume of around 1 million metric tonnes per annum (mmtpa) with associated CO2 emissions of around 1.8 mmtpa.

Denbury’s term sheet with Mitsubishi stated that the captured gas may be used by Denbury as storage or in its enhanced oil recovery operations.

Under the current 20-year arrangement, total volumes could exceed 50 million metric tonnes of CO2.