Japan is entering a pivotal phase in CCUS commercialization. As the country accelerates toward its 2050 carbon neutrality target, recent years have witnessed a rapid expansion of international partnerships, domestic storage initiatives, transport infrastructure, and commercial agreements. From government-led bilateral cooperation to engineering contracts, cross-border CO₂ shipping projects, and industrial alliances, Japan is laying the foundations for a fully integrated CCUS value chain.

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This report tracks the most significant CCUS deals and strategic developments announced between 2024 and 2026, providing a structured overview of the partnerships shaping Japan's carbon management landscape. By analyzing the commercial, policy, and infrastructure trends behind these agreements, it highlights how Japan is evolving from technology demonstration toward large-scale deployment, while identifying the key players, emerging business models, and cross-border collaborations that will define the country's next stage of CCUS development.