Mar 30, 2020 16:28 JST

Source: Mitsubishi Corporation

Mitsubishi Corporation and SOHGO SECURITY SERVICES Agree to Strategic Partnership in Facility Management Business

TOKYO, Mar 30, 2020 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that on March 30, 2020, it entered into an MoU with its affiliate Chiyoda Corporation (Chiyoda) and five local companies on the joint development of a sustainable hydrogen economy in Singapore. The five local partners are City Gas Pte Ltd, Jurong Port Pte Ltd, PSA Corporation Limited, Sembcorp Industries Ltd, and Singapore LNG Corporation Pte Ltd.

Singapore's Long-Term Low-Emissions Development Strategy (LEDS) aspires to halve emissions from the country's expected 2030 peak to 33 Million tons of carbon dioxide equivalent by 2050, with a view to achieving net-zero emissions as soon as possible in the second half of the century. One of the keys to realizing the LEDS will be drawing on emerging low-carbon technologies, such as low-carbon hydrogen. This also marks a key switch in Singapore's energy strategy towards a clean, affordable and more reliable energy future.

Chiyoda's SPERA Hydrogen(1) technology could play an important role, and interested parties have been discussing opportunities for its commercial and technical application since October 2019.

MC will support this initiative as the main shareholder of Chiyoda. The five local companies will collaborate closely with MC and Chiyoda to evaluate the technical and commercial feasibility of hydrogen, and to develop businesses for its import and use in Singapore.

Since May 2019, MC has been providing steady assistance for Chiyoda's revitalization, and this project should play an important role in the latter's growth strategy. MC's aims are to support Chiyoda's hydrogen operations, which are a promising candidate for non-EPC business, and leverage them to help preserve the natural environment and develop sustainable societies.

(1) SPERA Hydrogen is an organic chemical hydride (OCH) hydrogen storage and transportation technology. LOHC (liquid organic hydrogen carrier) technologies allow hydrogen to be safely transported in chemical tankers at normal atmospheric temperature and pressure.

Chiyoda's SPERA Hydrogen
 


Contact:
Mitsubishi Corporation
Telephone:+81-3-3210-2171
Facsimile:+81-3-5252-7705
Source: Mitsubishi Corporation
Sectors: Engineering

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Mitsubishi Corporation and 7 large international companies join forces to sponsor the creation of a global e-NG coalition
March 19 2024 15:40 JST
 
Nissan and Mitsubishi Corporation agree to explore new business in next-generation-mobility and energy-related services utilizing EVs
March 18 2024 16:29 JST
 
Mitsubishi Corp to invest in TIER IV: Transforming regional mobility with autonomous driving
March 15 2024 11:36 JST
 
Mitsubishi Corporation: Participation in PAK Lithium Project in Canada
March 05 2024 15:57 JST
 
Mitsubishi Corporation Expands its Data Center Presence with Entry into US
March 04 2024 14:27 JST
 
Mitsubishi Corporation's Sale of Exportadora de Sal, S.A. de C.V., a Salt Production Company in Mexico
February 26 2024 13:29 JST
 
MC to Subscribe Shares in TVS Vehicle Mobility Solution in India
February 19 2024 16:42 JST
 
PoC Launched to Test Smart-charging Service Using EV Connected Technologies
February 15 2024 15:50 JST
 
Mitsubishi Corporation, KDDI CORPORATION, Lawson, Inc. have entered into the Capital Business Partnership Agreement
February 06 2024 16:27 JST
 
First Plant to be Operated under Hydroelectric Power Alliance Goes Online
February 01 2024 20:13 JST
 
More Press release >>

Latest Press Release


More Latest Release >>