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Did ITOCHU's (TSE:8001) Live Oak E‑Methane Role Just Recast Its Energy Transition Story?
TotalEnergies, TES, Osaka Gas, Toho Gas, and ITOCHU recently signed a Joint Development and Operating Agreement giving the Japanese firms a combined 33.3% stake in the Live Oak e-methane project in Nebraska, which targets 250 MW of electrolysis and 75 ktpa of methanation capacity with commercial operations planned by 2030.
The deal highlights ITOCHU’s role as coordinator among Japanese partners to secure carbon-neutral gas supplies for Japan using existing LNG infrastructure and biogenic CO2...