TOKYO (Kyodo) — Japan and the United States plan to accelerate the research and development of technology to recycle carbon dioxide and turn it into fuel and chemical materials, officials said Tuesday.
Senior officials of the Ministry of Economy, Trade and Industry and the U.S. Department of Energy are expected to sign an agreement later in the day on the sidelines of the International Conference on Carbon Recycling to be held online, according to the Japanese officials.
Under the agreement, the two countries will seek to put the technology to practical use by sharing the outcome of research and human resources, they said.
Japan sees the technology involving the capture, storage, utilization and recycling of carbon dioxide as a promising solution for reducing greenhouse gas emissions and securing a stable energy source.
Carbon recycling technology could be used for various purposes, including producing jet fuels and manufacturing concrete road blocks, but most of it is still in the experimental stage, with high costs a major reason for it failing to gain a foothold.