NSRI to ex­plore op­por­tu­ni­ties in Ja­pan

DEMM Engineering & Manufacturing - - OIL & GAS -

In part­ner­ship with Scot­tish De­vel­op­ment In­ter­na­tional (SDI) the Na­tional Sub­sea Re­search Ini­tia­tive (NSRI) went on a trade mis­sion to Ja­pan from 16-20 Novem­ber to ex­plore the op­por­tu­ni­ties in sub­sea min­ing and renewables across East Asia.

The of­fice was to ex­plore on­go­ing ini­tia­tives that have been put in place to iden­tify and har­vest methane hy­drates and con­duct seabed min­ing in Ja­pan, and iden­tify how UK com­pa­nies can help to sat­isfy the coun­try’s vast en­ergy needs.

The trade mis­sion ex­posed sev­eral Bri­tish com­pa­nies, many of them from North-east Scot­land, to de­tailed mar­ket in­sights and con­nected them with the key play­ers in the in­dus­try, as they look to ex­ploit the ex­port op­por­tu­ni­ties in the world’s third largest econ­omy.

Th­ese com­pa­nies were given the op­por­tu­nity to show­case their prod­ucts and ser­vices to Ja­panese com­pa­nies in­clud­ing Mit­subishi, Kawasaki and Mit­sui, and got the chance to net­work with tech­ni­cal so­ci­eties and in­dus­try bod­ies. They also learned about Ja­pan’s grow­ing sub­sea in­dus­try and the op­por­tu­ni­ties that ex­ist around de­vel­op­ment of off­shore re­sources.

Gor­don Drum­mond, project di­rec­tor at NSRI said: “Ja­pan is the es­tab­lished home of in­no­va­tion and has ex­per­tise in a wide range of in­dus­tries, par­tic­u­larly in tech­nol­ogy. This knowl­edge base is of par­tic­u­lar in­ter­est to UK com­pa­nies that are look­ing for ma­ture mar­kets in which to show­case their prod­ucts and ser­vices.

“The trade mis­sion al­lowed us to gain ac­cess to de­tailed mar­ket in­sights and form part­ner­ships that will help to build stronger busi­ness links with Ja­pan’s en­ergy in­dus­try.”

Fol­low­ing the shut­down of the coun­try’s nu­clear re­ac­tors in the wake of 2011’s tsunami nu­clear cri­sis, Ja­pan has gone in search of new en­ergy sup­plies.

The gov­ern­ment wants to in­crease renewables from 10 per­cent of its en­ergy mix to 24 per­cent by 2030, fur­ther re­duc­ing its reliance on gas, coal and nu­clear.

It is es­ti­mated around 1.1 tril­lion cu­bic me­tres of nat­u­ral gas lies in the ocean floor off the coast of Shikoku is­land, western Ja­pan.

Sub­sea min­ing has come into the fore in re­cent years, par­tic­u­larly in the Pa­cific, which has vast quan­ti­ties of seabed min­eral de­posits.

Dr Drum­mond said UK firms could play a ma­jor role in help­ing Ja­pan meet its en­ergy tar­gets, ex­port­ing the wealth of skills, in­no­va­tion and ex­pe­ri­ence honed in the North Sea. There was much to be gained from do­ing busi­ness and in­vest­ing in Ja­pan, he said. “The coun­try of­fers a stable econ­omy, a re­li­able tax regime, an in­ter­na­tion­ally ori­ented in­fra­struc­ture and is well known for em­brac­ing new tech­nol­ogy. By con­tin­u­ing to work closely with SDI we can iden­tify the emerg­ing op­por­tu­ni­ties and seek to pro­mote part­ner­ships with UK com­pa­nies in Ja­pan.”

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.