JFE Says It's Developed Cheaper Method to Capture, Store Carbon Dioxide

JFE Holdings Inc., a Japanese engineering company and the country’s second-largest steelmaker, said it developed a cheaper way to separate and capture emissions of carbon dioxide.

Tokyo-based JFE’s method cuts the cost of capturing carbon dioxide to about 2,500 yen ($30) per ton by reducing the amount of energy and pressure needed to convert the gas into a solid hydrate for storage, according to a statement posted on the company’s website today.

The process uses a chemical called Neowhite, which was developed by JFE and Japan’s New Energy and Industrial Technology Development Organization, to make the hydrate form at a higher temperature when cooling, reducing energy costs, the statement said.

JFE plans to research the technique for use at power plants and factories, the statement said.

To contact the reporter on this story: Stuart Biggs in Tokyo at sbiggs3@bloomberg.net.

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net.

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