TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
Home
Press release
Oct 04, 2021 18:02 JST
Source:
Mitsubishi Corporation
Mitsubishi Corporation, Chiyoda Corporation, and Sembcorp Industries Sign MOU to Explore Supply Chain Commercialization of Decarbonized Hydrogen
TOKYO, Oct 04, 2021 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce today's signing of a Memorandum of Understanding (MOU) with Chiyoda Corporation (Chiyoda) and Sembcorp Industries (Sembcorp), to explore the feasibility and implementation of a commercial-scale, decarbonized hydrogen supply chain in Singapore. The business will take advantage of Chiyoda's proven hydrogen storage and transportation technology, "SPERA Hydrogen".
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 CO2 equivalent by 2050, with a goal to achieve net-zero emissions as soon as possible in the second half of the century. Singapore has positioned the introduction of hydrogen and low-carbon technologies as significant initiatives to achieve this goal. By promoting such initiatives, Singapore is aiming to transition to an enhanced energy system that balances environmental and economic considerations with reliability and sustainability.
In May, 2021, the Japanese Government announced the Asia Energy Transition Initiative (AETI) that aims to support the achievement of sustainable economic growth and carbon neutrality in Asia, and the governments of Japan and Singapore have commenced dialogue on energy transition. Under the AETI, Japan will support Singapore's energy transition leveraged by Japanese companies' technology, such as Chiyoda's "SPERA Hydrogen" and commercialization thereof.
In signing this MOU, the business will combine Sembcorp's know-how in energy with both Chiyoda's above mentioned technology and MC's project development expertise and industry-wide global network. Furthermore, although we will be building this supply chain to serve Singapore's market, we intend to source clean, carbon-free hydrogen from outside the country.
MC is keen to accelerate activities that are invested in energy transformations, and this MOU represents a step in the right direction. Our objectives through this business are to help Singapore to meet its long-term CO2 reduction target and contribute to global decarbonization efforts that aim to realize a sustainable future.
*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.
Source: Mitsubishi Corporation
Sectors: Energy
Copyright ©2021 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
MC Reaches Agreement with Denbury on CO2 Transport and Storage Operations for Fuel Ammonia Production
September 22 2021 07:00 JST
Mitsubishi Corporation and Shell Sign MoU to Collaborate on Hydrogen Plans in Alberta
September 09 2021 11:36 JST
Mitsubishi Corporation Signs Japan's First Long-term Corporate PPA for Online Retail Giant Amazon
September 08 2021 11:08 JST
AHEAD to Support Decarbonization at Petroleum Refineries Through MCH Hydrogen Supply Chain from Brunei
August 10 2021 10:24 JST
Port of Rotterdam Authority, Koole Terminals, Chiyoda Corporation and Mitsubishi Corporation Sign MoU to Study Commercial-Scale Hydrogen Imports to the Netherlands
July 30 2021 11:30 JST
Mitsubishi Corporation: Regeneration Project / Investment in Australian Integrated Carbon Pty Ltd
July 29 2021 10:12 JST
New Ulaanbaatar International Airport Set to Open in Mongolia
July 02 2021 16:08 JST
Mitsubishi Corporation: Mobility & Regional Contents Pilot Project Launched in Smart City Aizuwakamatsu
July 02 2021 15:25 JST
Woven Alpha Automated Mapping Platform and Mitsubishi Fuso Collaborate on Latest HD Mapping Technology for Advanced Driver Assistance Systems Functionality
June 23 2021 12:38 JST
Mitsubishi Corporation Participates in Laos Wind Farm Project
June 16 2021 17:00 JST
More Press release >>
Latest Press Release
Toyota: Production Plans in November 2021, as of October 15
Oct 15, 2021 15:37 JST
Mitsubishi Motors Reveals the Design of the All-New Outlander PHEV Model
Oct 15, 2021 09:03 JST
AOTS, NTT DOCOMO and Mobile Innovation to Conduct Trial of 5G-Enabled Remote Technical Training
Oct 14, 2021 15:58 JST
All-New Lexus LX Premieres as the 2nd Model of Lexus Next Generation Following NX
Oct 14, 2021 09:56 JST
Fujitsu and Trend Micro Collaborate for Connected Car Security Solution
Oct 13, 2021 10:24 JST
Honda Aircraft Company Unveils HondaJet 2600 Concept in NBAA 2021
Oct 13, 2021 10:01 JST
Woven Capital Invests in Planet-Friendly Urban Innovations with the Climate Technology Sustainability Fund of 2150
Oct 12, 2021 16:27 JST
NEC Wins 2021 Leading Lights Award for 'Best New 5G Core Product' and 'Best New Open RAN Product'
Oct 12, 2021 16:06 JST
JCB appoints award winning B2B agency, Transmission, to lead JCB's brand evolution in Europe
Oct 12, 2021 16:00 JST
NEC C&C Foundation Awards 2021 C&C Prize
Oct 12, 2021 15:56 JST
AIST, Toyota, and Toyota Central R&D Labs to Consider Joint Research on Advanced Energy and Environment Technologies
Oct 12, 2021 13:31 JST
MHI: Second Unit of M701JAC Gas Turbine Begins Commercial Operation at GTCC Power Plant in Chonburi Province, Thailand
Oct 11, 2021 11:44 JST
Fujitsu and University of Tokyo Hospital Embark on Joint Research into AI to Aid the Fight Against Heart Disease
Oct 11, 2021 10:29 JST
NEC to Build a Transatlantic Cable
Oct 11, 2021 09:16 JST
NEC's 5G massive MIMO Open RAN radio units awarded TIP's "Requirements Compliant Ribbon"
Oct 11, 2021 09:11 JST
TOYOTA GAZOO Racing Set for Spain with Eyes on the Prize
Oct 08, 2021 17:21 JST
Cooperation between Honda and Red Bull Group as from 2022
Oct 08, 2021 17:00 JST
Showa Denko Announces Number of Shares to be Issued under Third-Party Allotment
Oct 08, 2021 16:00 JST
Overview of Honda Exhibits at the 27th ITS World Congress 2021 in Hamburg, Germany
Oct 08, 2021 14:51 JST
Fujitsu AI Technology Recommends Exercises Customized to Users' Needs in New Trial
Oct 08, 2021 11:29 JST
More Latest Release >>