Tokyo Gas America

Tokyo Gas, acting through its wholly owned subsidiary Acario Investment One, LLC (CEO: OKUI Toshiharu), becomes the first Japanese energy company to invest in and conclude an agreement for collaborating with Global Thermostat, PBC (“Global Thermostat”), a U.S.-based firm which offers a leading-edge technology for the Direct Air Capture (“DAC”) of carbon dioxide directly from the atmosphere.

Tokyo Gas, acting through its wholly owned subsidiary Acario Investment One, LLC (CEO: OKUI Toshiharu), becomes the first Japanese energy company to invest in and conclude an agreement for collaborating with Global Thermostat, PBC (“Global Thermostat”), a U.S.-based firm which offers a leading-edge technology for the Direct Air Capture (“DAC”) of carbon dioxide directly from the atmosphere.

The parties have entered into an agreement and commenced to conduct a detailed joint feasibility study on a project to produce synthetic methane (e-methane) in Texas or Louisiana, liquefy it at the existing Cameron LNG facility, and transport it to Japan utilizing other existing infrastructure, including LNG ships and receiving terminals in Japan. The targeted e-methane production volume is 130,000 tons per year to start in 2030.

Tokyo Gas has signed a Memorandum of Understanding (MOU) with Shell to jointly study potential opportunities to accelerate decarbonization.

Tokyo Gas has revised Tokyo Gas Group Management Philosophy, effective April 1, 2022.

Tokyo Gas selected by New Energy and Industrial Technology Development Organization (NEDO) as a prospective recipient of the “Green Innovation Fund Project / Offshore Wind Power Cost Reduction Project” for the development of low-cost technology for manufacturing and installing floating foundations.