Japan Petroleum Exploration Co., Ltd. (JAPEX), Idemitsu Kosan Co., Ltd. (Idemitsu), and Hokkaido Electric Power Co., Inc. (HEPCO) signed a contract with Japan Organization for Metals and Energy Security for an engineering design work of CCS in the Tomakomai area, which is one of the public solicitations regarding the Request for Proposal on the "Engineering Design Work for Advanced CCS Projects" in the fiscal year 2024.

JAPEX, JGC HD, and "K" LINE have agreed and signed the Key Principles Agreement with PETRONAS CCS Ventures to jointly mature and develop the CCS project plan and structure aiming the commercialization of the CCS project by the end of 2028.