Japan Petroleum Exploration (JAPEX) and Invest Alberta Corporation (IAC) have joined forces looking to develop blue hydrogen and carbon capture projects in Alberta, Canada.

A memorandum of understanding (MoU) between the parties has been signed detailing IAC's support to JAPEX's initiatives in the province.

JAPEX, an already experience company in the field of oil exploration, production and carbon capture in Japan, will be assisted by IAC's expertise on Alberta's local market and business conditions.