Japanese trading house Sumitomo Corp. partners with Reconciliation Energy Transition Inc. to develop a carbon transport network in southern Alberta, Canada.

Japanese trading house Sumitomo Corp. has joined Reconciliation Energy Transition Inc. to develop a carbon transport network in southern Alberta, Canada. They signed a joint development agreement, with Sumitomo acquiring a large equity interest in the East Calgary Region Carbon Transportation and Sequestration Hub project. The project aims to begin operations in 2026.