Nippon Foundation, DeepStar Launch Joint Decarbonization R&D Program
The Nippon Foundation signed a Memorandum of Understanding (MoU) with the offshore technology development consortium DeepStar to establish a joint research and development program focused on decarbonization in offshore oil and gas, with a focus on renewable energy and the environment.The initial program budget is up to $10 million through 2026, and the overall plan is to develop technologies for commercialization.“I am very pleased that we have been able to conclude this new memorandum of understanding,” said Mr.