Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 18 June 2024, 10:21 HKT/SGT

Source: Mitsubishi Corporation
Joint Study on the Social Implementation of Hydrogen and Decarbonized Fuels

TOKYO, June 18, 2024 - (JCN Newswire) - ENEOS Corporation and Mitsubishi Corporation are pleased to announce the signing of a Memorandum of Understanding (MOU) to perform joint study on the social implementation of hydrogen and decarbonized fuels, which expands the ongoing joint feasibility study in the area of sustainable aviation fuel (SAF)(1).

ENEOS currently operates hydrogen stations for fuel cell vehicles (FCV) in Japan and is focusing on building CO2-free hydrogen supply chain to realize a hydrogen supply business for domestic industrial complex areas utilizing Japanese governmental support, such as Green Innovation Fund Projects.

MC is making extensive efforts on developing, creating demand, and building supply chain of next-generation energy, including hydrogen, in order to promote the Energy Transformation (EX) toward realizing carbon neutral society.

Through this MOU, the two companies will jointly study the development of hydrogen supply chain using Methylcyclohexane (MCH)(2). This includes the development of CO2-free hydrogen supply and its demand creation overseas, and utilization of hydrogen in the mobility sector along with the social implementation of commercial FCV, by leveraging our strengths and accumulated knowledge on hydrogen. Furthermore, the two companies will work together to promote the synthetic fuels(3) made from CO2-free hydrogen.

ENEOS and MC have identified climate change as critical business challenges and are actively promoting initiatives to reduce GHG emissions to contribute to the realization of carbon neutral and recycling oriented society. As part of these initiatives, we will firmly contribute to the early establishment of supply chains of next-generation energy and the creation of hydrogen demand.

(1) April 18, 2022 Announcement: Joint Feasibility Study on the Commercialization of Sustainable Aviation Fuel.
(2) Methylcyclohexane (MCH): A liquid hydrogen carrier at ambient temperature and pressure. It is characterized by its ease of handling for storage and transportation, with a volume of 1/500 of hydrogen gas.
(3) Synthetic Fuels: Carbon-neutral fuels produced with hydrogen derived from renewable energy and CO2. These fuels can contribute to carbon neutrality across various industries such as automotive, aviation, and shipping.

About Mitsubishi Corporation (MC)

Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses together with its global network of around 1,800 group companies.

MC has eight Business Groups that operate across virtually every industry: Environmental Energy, Materials Solution, Mineral Resources, Urban Development & Infrastructure, Mobility, Food Industry, Smart-Life Creation and Power Solution. Through these eight Business Groups, MC's current activities have expanded far beyond its traditional trading operations to include project development, production and manufacturing operations, working in collaboration with our trusted partners around the globe.

With an unwavering commitment to conducting business with integrity and fairness, MC remains fully dedicated to growing its businesses while contributing to a prosperous society.

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

Topic: Press release summary
Source: Mitsubishi Corporation

Sectors: Alternative Energy, Oil & Gas
From the Asia Corporate News Network

Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Mitsubishi Corporation Links

Mitsubishi Corporation
July 4, 2024 16:33 HKT/SGT
World's first* supply chain established for more sustainable polyester fiber based on CO2-derived material as well as renewable and bio-based materials
June 17, 2024 15:36 HKT/SGT
Joint Discussions on Green Hydrogen Supply in Hokkaido's Chitose Area
June 13, 2024 16:18 HKT/SGT
Honda and MC to Establish New Company, ALTNA Co., Ltd.
Apr 30, 2024 18:08 HKT/SGT
Sumitomo Metal Mining and Mitsubishi Corporation to Participate in Kalgoorlie Nickel Project - Goongarrie Hub
Apr 24, 2024 16:02 HKT/SGT
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 16, 2024 13:36 HKT/SGT
Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA
Apr 11, 2024 12:07 HKT/SGT
Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp
Apr 3, 2024 18:05 HKT/SGT
Mitsubishi Corporation: Sale of BMA Coal Assets in Queensland Completed
Apr 1, 2024 15:17 HKT/SGT
Fujitsu signs MoU with Mitsubishi UFJ Financial Group, Inc. to drive nature positive actions
Mar 19, 2024 15:40 HKT/SGT
Mitsubishi Corporation and 7 large international companies join forces to sponsor the creation of a global e-NG coalition
More news >>
 News Alerts
Copyright © 2024 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 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: