The Nippon Foundation has signed a Memorandum of Understanding (MoU) with the offshore technology development consortium DeepStar to establish a joint research and development program focused on the decarbonization of offshore oil and gas, with a focus on renewable energies and the environment.
The initial program budget is up to $ 10 million through 2026, and the overall plan is to develop technologies for commercialization.
“I am very pleased that we were able to finalize this new Memorandum of Understanding,” said Sasakawa. “The global movement towards decarbonization has accelerated day by day, and in offshore development I think it is crucial to encourage new developments, such as reducing pollution. I suggest we become leaders in the future Japanese and global offshore development market that is environmentally focused by innovating with DeepStar. “
Starting with promoting the shipbuilding business, the Nippon Foundation has been involved in various offshore development projects and in recent years has focused on training engineers specializing in offshore development and technological innovation (The Nippon Foundation Ocean Innovation Consortium).
The foundation has been partnering with DeepStar for research and development in offshore oil and gas since 2018 when the two parties signed an MoU and launched a joint R&D program. With this latest letter of intent, the Nippon Foundation and DeepStar intend to strengthen their collaboration by consolidating industry, technology and expertise, with a focus on improving the environment, renewable energies and safety in response to increased global awareness of carbon neutrality and other ecological issues Subjects.
Overview of the plan
- Research and development is carried out through collaboration between Japanese companies and major global energy (oil) companies.
- The Nippon Foundation will support the activities of Japanese companies and DeepStar will provide Japanese companies with expertise and test fields for offshore development
- The joint research and development is carried out according to one of the following seven development topics:
- Geothermal generation by using high temperature in the conservator (renewable energy)
- Wind power / sea power generation to supply offshore oil and gas production systems (renewable energies)
- Cost reduction technology to remove combustible gases and re-injection in production facilities (global warming)
- Establishment of a simulation method for predicting the drift of oil disasters using local ocean current monitoring by air drones (marine environment)
- Hydrogen related technologies (global warming)
- Safety-related technologies, including NUF (usually unattended facilities) and robotics (work environment safety)
- Water treatment technologies (marine environment)
“This partnership between the Nippon Foundation and DeepStar will address many of the technology needs that offshore operators are currently facing,” said Toomey. “Through the partnership, Japanese companies will help develop new technologies and skills to improve offshore safety, environmental performance, reliability and efficiency.”