The National Subsea Research Initiative (NSRI) is launching a trade mission to Japan from 16-20 November to explore the opportunities in subsea mining and renewables across East Asia.
The trade mission will provide several British companies, many of them from north-east Scotland, to detailed market insights and connect 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 will be given the opportunity to showcase their products and services to Japanese companies including Mitsubishi, Kawasaki and Mitsui, and get the chance to network with technical societies and industry bodies. They will also learn about Japan’s growing subsea industry and the opportunities which exist around development of offshore resources.
Dr. Gordon Drummond, project director at NSRI – the research arm of Aberdeen-based Subsea UK – 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 will allow 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.
Tokyo wants to increase renewables from 10% of its energy mix to 24% 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 Japan’s Shikoku island.