Reconciliation Energy Transition Inc. Announces Joint Development Agreement with Sumitomo Corporation Group [Yahoo! Finance]
SUMITOMO CORP S/ADR (SSUMY)
NASDAQ:AMEX Investor Relations:
sumitomocorp.co.jp/en/ir
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Source: Yahoo! Finance
into a Joint Development Agreement (the "JDA") with Sumitomo Corporation, a leading global trading company based in Tokyo, Japan , through its subsidiary Ammolite Carbon Sequestration (collectively "Sumitomo Corporation Group"). Pursuant to the JDA, RETI and Sumitomo Corporation Group have finalized the terms under which Sumitomo Corporation Group will acquire a significant equity interest in the RETI East Calgary Region Carbon Transportation and Sequestration Hub project ("CTS Hub"). The CTS Hub is an open access CO2 sequestration-as-a-service solution for industrial emitters within the greater Calgary region and beyond with potential storage capacity of up to 10 million tonnes per annum. The CTS Hub plans to construct compression capacity, a CO2 pipeline network, and injection and monitoring wells to facilitate the permanent sequestration of CO2 in deep saline aquifers east of Calgary . The parties intend to progress the FEED study immediately, targeting the first carbon sequest
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- Sumitomo Corporation of Americas Announces Sales Agreement with Rock Identification Hardware and Solutions Provider Hyperspectral Intelligence Inc.PR Newswire
- Sumitomo, RETI Ink Agreement for CCS Hub in Calgary [Yahoo! Finance]Yahoo! Finance
- Reconciliation Energy Transition Inc. and Sumitomo Corporation Group sign Joint Development Agreement for RETI East Calgary Region CTS Hub Project [Yahoo! Finance]Yahoo! Finance
- Reconciliation Energy Transition Inc. and Sumitomo Corporation Group sign Joint Development Agreement for RETI East Calgary Region CTS Hub ProjectPR Newswire