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日本海事新聞ニュース Japan Maritime Daily Sep 30, 2022 (Fri)

Kito, new president of Petroleum Association of Japan, to develop synthetic fuel for carbon neutrality

Mr. Kito, the new chairman at a press conference

　Shunichi Kito (president of Idemitsu Kosan), who was appointed as the new chairman of the Petroleum ・・・続きはログインして下さいnext %E3%80%80Shunichi+Kito+%28president+of+Idemitsu+Kosan%29%2C+who+was+appointed+as+the+new+chairman+of+the%3Cb%3E+Petroleum+Association+of+Japan%3C%2Fb%3E+on+September+29%2C+held+a+press+conference+in+Tokyo+on+the+same+day.+He+said+that+%E2%80%9Csynthetic+fuel%2C%E2%80%9C+which+the+petroleum+industry+aims+to+commercialize+as+carbon-recycled+fuel%2C+%E2%80%9Cwill+be+a+promising+option%E2%80%9C+for+low-carbonization+and+decarbonization+of+the+ship+fuels.+He+expressed+his+determination+to+%E2%80%9Cdo+his+utmost+in+technological+innovation%E2%80%9C+toward+the+development+of+the+fuel.+%3Cbr%3E%E3%80%80Synthetic+fuel+is+a+carbon-free+fuel+made+from+hydrogen+and+CO2+%28carbon+dioxide%29.+The+advantage+is+that+internal+combustion+engines+and+existing+infrastructure+can+be+used.+For+this+reason%2C+%E2%80%9Csynthetic+fuel+is+an+extremely+promising+option+for+jet+fuel+and+ship+fuel+if+current+engines+are+to+be+used+as+they+are%E2%80%9C+%28Kito%29.+%3Cbr%3E%E3%80%80Kito+also+pointed+out+that+synthetic+fuel+poses+%E2%80%9Chigh+hurdles+to+large-scale+energy+supply%2C%E2%80%9C+such+as+recovering+CO2+as+an+ingredient+and+securing+cheap+green+hydrogen.+%3Cbr%3E%E3%80%80He+also+indicated+a+policy+to+provide+low-carbon+solutions+such+as+CCS+%28CO2+capture+and+storage%29+technology+and+co-combustion+with+biomass+fuel+during+the+transition+period+until+commercialization.+%3Cbr%3E%E3%80%80%E2%96%A0+Insufficient+development+investment+%3Cbr%3E%E3%80%80At+the+press+conference%2C+Kito+also+emphasized+the+importance+of+oil+in+energy+policy.+%E2%80%9COil+is+an+important+energy+source%2C+accounting+for+more+than+30%25+of+Japan%E2%80%99s+primary+energy+supply.+Amid+the+recognition+of+the+need+for+economic+security%2C+it+is+important+to+firmly+maintain+the+domestic+production+system+for+petroleum+products+such+as+gasoline+and+light+oil%2C+which+are+indispensable+to+the+people%2C%E2%80%9C+he+said.+%3Cbr%3E%E3%80%80In+addition%2C+against+the+background+of+the+divestment+%28withdrawal+of+investment%29+in+fossil+energy%2C+he+pointed+out+the+problem+of+%E2%80%9Cnot+enough+investment+in+development%E2%80%9C+related+to+oil.+%3Cbr%3E%E3%80%80While+emphasizing+low+carbonization+and+decarbonization%2C+he+said%2C+%E2%80%9CI+don%E2%80%99t+think+that+the+world%E2%80%99s+energy+will+suddenly+be+supplied+without+using+fossil+fuels.+For+the+past+100+years%2C+fossil+fuels+have+driven+human+development+and+economic+and+social+activities.%E2%80%9C+%E2%80%9CFirst+of+all%2C+we+will+work+on+how+to+effectively+use+petroleum%2C+which+is+a+fossil+fuel%2C+and+reduce+emissions%2C%E2%80%9C+he+said.+%3Cbr%3E%E3%80%80He+went+on+to+stress+the+need+to+%E2%80%9Cstrengthen+resource+diplomacy+or+support+for+upstream+development+and+diversify+procurement+sources%E2%80%9C+in+light+of+the+current+situation+in+which+oil+prices+remain+high+due+to+concerns+about+tight+energy+supply+and+demand+due+to+the+Ukrainian+crisis+and+sanctions+against+Russia.+%3Cbr%3E%E3%80%80He+also+mentioned+strengthening+the+international+competitiveness+of+refineries.+%E2%80%9CIn+order+to+compete+with+the+cutting-edge+refineries+in+Asia+and+the+Middle+East%2C+we+will+upgrade+our+facilities%2C+expand+to+overseas%2C+including+exports%2C+and+shift+to+petrochemicals.+We+are+also+looking+at+the+use+of+CO2-free+hydrogen+at+industrial+complexes%2C%E2%80%9C+he+said.+He+added%2C+%E2%80%9CThere+is+a+demand+for+promoting+cooperation+between+refineries+and+petrochemical+plants+that+transcends+capital+barriers.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%96%A0+Opposition+to+carbon+tax+%3Cbr%3E%E3%80%80Regarding+the+proposal+to+introduce+a+carbon+tax+and+carbon+pricing+on+fossil+fuels%2C+he+pointed+out%2C+%E2%80%9CIn+Japan%2C+various+carbon+pricing+measures%2C+including+a+global+warming+countermeasure+tax%2C+are+already+being+implemented.%E2%80%9C+%3Cbr%3E%E3%80%80He+went+on+to+say%2C+%E2%80%9CIf+we+introduce+a+carbon+tax+without+verifying+these+existing+measures%2C+there+are+concerns+that+it+will+lead+to+an+increase+in+energy+costs+and+impede+economic+growth.+The+oil+industry+opposes+the+introduction+of+a+carbon+tax.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%96%A0+Mainly+80-95+dollars+for+the+time+being+%3Cbr%3E%E3%80%80Regarding+the+current+environment+surrounding+the+crude+oil+market%2C+he+analyzed%2C+saying%2C+%E2%80%9CConcerns+about+a+global+economic+slowdown+are+increasing+due+to+the+prolonged+zero-Covid+policy+in+China+and+interest+rate+hikes+by+various+central+banks%2C+mainly+in+Europe+and+the+United+States.%E2%80%9C+%3Cbr%3E%E3%80%80On+September+28%2C+Dubai+crude+was+trading+at+%2484.6+per+barrel%2C+and+Kito+said%2C+%E2%80%9CWe+expect+the+price+to+move+around+%2480+to+%2495+for+the+time+being.+We+will+be+keeping+a+close+eye+on+the+OPEC+%28Organization+of+the+Petroleum+Exporting+Countries%29+Plus+meeting+in+early+October.%E2%80%9D+%3Cbr%3E%E3%80%80Regarding+the+medium-+to+long-term+outlook%2C+he+said%2C+%E2%80%9CThe+IEA+%28International+Energy+Agency%29+forecasts+an+increase+in+demand+in+2023%2C+based+on+the+recovery+from+the+coronavirus+pandemic%2C+and+it+is+expected+a+record+high+demand+of+over+100+million+barrels.+Considering+the+current+situation+of+insufficient+supply%2C+there+is+concern+that+crude+oil+prices+will+rise+again+from+next+year+onwards.%E2%80%9C+%3Cbr%3E%E3%80%80In+addition%2C+regarding+the+government%E2%80%99s+measures+to+mitigate+the+drastic+change+in+response+to+the+rise+in+fuel+prices%2C+he+explained%2C+%E2%80%9CThe+government%E2%80%99s+policy+is+to+extend+the+current+scheme+until+October-December%2C+and+measures+after+that+are+currently+under+consideration.%E2%80%9C+%3Cbr%3E%E3%80%80As+for+the%3Cb%3E+Petroleum+Association+of+Japan%3C%2Fb%3E%E2%80%99s+request%2C+he+said%2C+%E2%80%9CBecause+a+reduction+in+subsidies+will+lead+to+a+sudden+rise+in+prices%2C+I+would+like+the+government+to+gradually+show+how+to+end+%28the+measures%29+with+a+soft+landing+while+keeping+an+eye+on+crude+oil+price+trends.%E2%80%9C+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%BA%E5%8A%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E4%BD%BF%E7%94%A8%E3%81%97%E3%81%9F%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%A7%E3%81%82%E3%82%8B%E3%81%93%E3%81%A8%E3%82%92%E5%8D%81%E5%88%86%E3%81%AB%E7%90%86%E8%A7%A3%E3%81%97%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E5%88%A9%E7%94%A8%E3%81%99%E3%82%8B%E3%82%82%E3%81%AE%E3%81%A8%E3%81%97%E3%81%BE%E3%81%99%E3%80%82%3Cbr%3E