Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 22 June 2023, 18:08 HKT/SGT
Share:
    

Source: Mitsubishi Corporation
Mitsubishi Corporation: New Company for Green Hydrogen Business "Eneco Diamond Hydrogen" Established in Europe

TOKYO, June 22, 2023 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce the establishment of Eneco Diamond Hydrogen B.V. (Eneco Diamond Hydrogen) to develop green hydrogen and associated renewable energy in Europe. Eneco Diamond Hydrogen, which was officially registered on June 6, 2023, is a joint venture between MC and its subsidiary N.V. Eneco (Eneco), an integrated energy company that is also headquartered in Rotterdam.

With global efforts to decarbonize gaining momentum, more and more countries are looking to make renewable energy a larger part of their energy mix. As it can be stored, piped, and otherwise shipped, there are growing expectations surrounding the use of hydrogen as both a fuel alternative and a flexible capacity for power grid. EU has been accelerating the introduction of hydrogen by, for example, setting annual targets of 10 million tons for both its own production and its imports of green hydrogen by 2030.

Eneco Diamond Hydrogen develops green hydrogen and associated renewable energy businesses, pivoting from the Netherlands, by taking full advantage of its parents' respective strengths. These include Eneco's lengthy track record and experience in renewable energy business, and MC's vast network, which spans a wealth of operations in oil refining, chemicals, steel, marine transport and other industries.

MC has made energy transformations central to its latest midterm corporate strategy, one of the objectives of which is to provide zero-carbon solutions that will help the world's energy sector to decarbonize. Through this establishment of Eneco Diamond Hydrogen, we have taken another step towards achieving that objective by committing to the green hydrogen businesses in Europe.
Interest in hydrogen is also growing outside Europe, with Japan, the US and other western and Asian nations all looking for ways to both produce and use it more widely. At MC, we are looking forward to applying our know-how gained through Eneco Diamond Hydrogen towards the development of hydrogen operations in other regions throughout the world. We hope to make meaningful, global contributions to decarbonization.

Inquiry Recipient:
Mitsubishi Corporation
Telephone:+81-3-3210-2171
Facsimile:+81-3-5252-7705


Topic: Press release summary
Source: Mitsubishi Corporation

Sectors: Alternative Energy
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Mitsubishi Corporation Links

http://www.mitsubishicorp.com

https://www.linkedin.com/company/mitsubishi-corporation/

Mitsubishi Corporation
Apr 1, 2025 13:16 HKT/SGT
Mitsubishi Corporation: Development of R&D Hub "iPark Kobe" in Kobe Medical Industry City
Mar 28, 2025 15:29 HKT/SGT
Mitsubishi Corporation, ADM Sign Non-Binding MOU, Form Strategic Alliance
Mar 26, 2025 13:31 HKT/SGT
Start of Joint Study on Integrated Power and Data Center Business in Ohgishima area in Keihin District
Mar 13, 2025 12:26 HKT/SGT
Hokkaido Electric Power Corporation and Mitsubishi Corporation Establish a Joint Venture "Hokkaido Renewable Energy Aggregation Co., Ltd."
Feb 24, 2025 11:30 HKT/SGT
Mitsubishi and ENEOS to conduct Front End Engineering Design for Sustainable Aviation Fuel (SAF) Production at the Wakayama Refinery
Feb 21, 2025 14:01 HKT/SGT
Mitsubishi Logistics Corporation, Mitsubishi Corporation, and Yourstand Inc. Advancing Completely CO2-Free Electrification of Pharmaceutical Transportation
Feb 17, 2025 13:10 HKT/SGT
Launch of Joint Demonstration Experiment of Remote Provision of GPU Computing Power
Jan 17, 2025 13:35 HKT/SGT
Mitsubishi Corporation and JOGMEC Announce Investment in eFuels provider Infinium
Nov 15, 2024 11:32 HKT/SGT
Resorttrust Group and Mitsubishi Corporation Launch Joint Study in Medical Tourism
Nov 6, 2024 10:51 HKT/SGT
Yoshimoto Kogyo and Mitsubishi Corporation have signed a business partnership agreement for co-creation of business using "laughter"
More news >>
 News Alerts
Copyright © 2025 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: