Chiyoda Corporation (Chiyoda) has entered into a Memorandum of Understanding (MOU) with Pace CCS Limited (Pace CCS) to collaborate and jointly pursue opportunities in the field of Carbon Capture and Storage (CCS).

CCS is an essential component in accelerating global transition to a carbon neutral society, with the quantity and complexity of CCS projects for clean energy production and decarbonization of existing industrial facilities increasing on an international scale.

Pace CCS are global leaders in CCS system design with a proven track record of delivering CCS projects worldwide. Chiyoda will continue contributing to carbon neutrality through this MoU, combining its advanced engineering and project management capabilities with the upstream design expertise of Pace CCS in a long-term collaboration to support CCS projects from initial feasibility studies and conceptual design through FEED and EPC.