14 Jul 2022
PERU LNG, the company that operates the first liquefied natural gas plant in South America, has reached an agreement with Japanese companies Osaka Gas Co., Ltd. (Osaka Gas) and Marubeni Corporation (Marubeni) to perform a joint feasibility study to assess synthetic methane (Syngas) production in Peru and the sales of this syngas to potential markets that includes Peru and Japan.
Syngas is methane obtained from a process called methanation. The methanation process converts CO2 from captured emissions and green hydrogen (produced from water electrolysis and renewable energy) into Syngas. Through this joint feasibility study, the three companies will analyze potential sources of CO2, renewable energy supply, water electrolysis technology for green hydrogen production as well as methanation technology among other topics.
PERU LNG is thrilled to participate in the evaluation of this opportunity as Syngas can contribute to achieve carbon neutrality in the gas industry considering that Syngas production requires CO2 usually recovered from emissions that currently are vented into the atmosphere. As an example, the Japanese Government has already included a target to inject more than 1% of Syngas into Japan natural gas pipelines by year 2030 and increase this target to 90% by year 2050.
Syngas Project Scheme
About Osaka Gas
Name : Osaka Gas Co., Ltd.
President : Masataka Fujiwara
Head Office : 4-1-2 Hiranomachi, Chuo-ku, Osaka 541-0046, Japan
Founded : April 10, 1897
Website : https://www.osakagas.co.jp/en/
About Marubeni Corporation
Name : Marubeni Corporation
President : Masumi Kakinoki, President and CEO
Head Office : 4-2 Ohtemachi 1-chome, Chiyoda-ku, Tokyo, Japan
Founded : December 1949
Website : https://www.marubeni.com/en/