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Exclusive / Mitsubishi fails to sell carbon-capture systems

Tim McDonnell
Tim McDonnell
Climate and energy editor, Semafor
Updated Sep 26, 2025, 8:08pm EDT
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Petra Nova CCS Facility at NRG Power Plant in Richmond, Texas, U.S.
Trish Badger/Reuters

Mitsubishi Heavy Industries sold zero carbon-capture systems in the past twelve months . Tech companies and industrial factories have expressed interest in carbon capture as a way to meet their decarbonization goals while continuing to use gas, Takajiro Ishikawa, CEO of MHI America, told Semafor, and carbon capture was one of the few climate technologies to see its tax credits preserved by the Trump administration. MHI, which is better known for manufacturing carbon-intensive hardware like gas turbines, is collaborating with ExxonMobil on cutting-edge carbon capture tech. But it continues to be too expensive for many of MHI’s customers, he said, making sales hard to pin down: “When you do all the calculations, wow, this is not yet there,” he said.

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