Apr 22, 2022 16:48 JST

Source: Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries Signs Memorandum of Understanding with Infinium to Accelerate Decarbonization Solutions in Japan
- The companies announced plans to collaborate on the deployment of proprietary Infinium Electrofuels in the Japanese market -

TOKYO, Apr 22, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) announced today it has signed a Memorandum of Understanding with Infinium, an Electrofuels innovator headquartered in California. The agreement, which builds on MHI's 2021 investment in Infinium, will focus on exploring the deployment of Infinium's proprietary Electrofuels technology in the Japanese market.

 

According to Infinium, Electrofuels are classified as ultra-low carbon fuels because they reduce carbon dioxide emissions by up to 97 percent when compared to traditional jet and diesel fuels. They are a drop-in replacement for fossil-based fuels and can be used in airplanes, trucks, and ships without the need for costly engine modifications.

By combining Infinium Electrofuels production technology with MHI Group's CO2 capture technology and value chain solutions, MHI aims to accelerate the realization of a carbon-neutral society in Japan, alongside its existing strategies such as EV oriented transportation, CO2 recovery and carbon offsets.

"We're proud to collaborate with Infinium to combine their proprietary technology with our expertise in the industry," said Makoto Susaki, Head of CCUS Business Taskforce. "Together, we can accelerate deployment of these key solutions throughout Japan and around the world in order to achieve our common goal of decarbonization."

"The Infinium team is tremendously excited about this opportunity to bring clean fuels to the Japanese market alongside our colleagues at MHI," said Infinium CEO Robert Schuetzle. "We're on a mission to decarbonize the world, and the opportunity to build Electrofuels production in yet another pivotal geographic market further validates the growing commitment to a net-zero carbon future."

This collaboration also supports the Japanese government's Green Growth Strategy, which aims to reduce greenhouse gas emissions by 46 percent by 2030 (from 2013 levels) and achieve carbon neutrality by 2050. The use of carbon-neutral fuels is expected to play a key role in decarbonizing industries where this is typically challenging such as long-distance transportation, air transportation, and marine transportation, where electric vehicles are considered difficult to utilize at scale.

MHI Group is working to realize a carbon-neutral society and building a CO2 ecosystem is one of the pillars of this effort. Through this collaboration, MHI will further promote the CCUS value chain, as well as the digital grid it designed with IBM Japan to visualize CO2 distribution, CO2NNEX.

About Infinium

Infinium is a leading innovator in the clean fuels space with a mission to decarbonize the world. The company's proprietary technology converts carbon dioxide and hydrogen into ultra-low carbon fuels--known as Electrofuels--for use in today's planes, ships and truck fleets. Infinium electrofuels can be used directly in existing engine designs, enabling transportation providers to reduce harmful emissions and meet their carbon reduction goals. Investors include Amazon, NextEra Energy, Mitsubishi Heavy Industries and AP Ventures. For more information, visit www.infiniumco.com.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Energy

Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


MHI Invests in Electric Hydrogen, a U.S. Startup, to Accelerate Efforts to Produce Clean Hydrogen at Scale
June 23 2022 13:31 JST
 
MHI Thermal Systems' Plug-in Hybrid Transport Refrigeration Units Receive Technology Award from Japan Society of Refrigerating and Air Conditioning Engineers
June 23 2022 11:37 JST
 
MHI and Chugoku Electric Conclude Basic Agreement toward 100% Renewable Energy Usage at Mihara Machinery Works
June 23 2022 10:34 JST
 
MHIET's Indian Subsidiary MVDE Achieves Cumulative Production of 200,000 Industrial-Use, Small Diesel Engines
June 22 2022 10:12 JST
 
MHI to Establish New "Digital Innovation Headquarters" to Transform Customer Business Models through "Smart Connections"
June 20 2022 13:32 JST
 
Mitsubishi Power Signs Decarbonization Agreement for Hydrogen Fuel Conversion with Leading Egyptian O&G Refinery ANRPC
June 16 2022 15:09 JST
 
MHI Group to Begin Demonstration Testing of Automated Valet Parking System Using AGV Robots at Outlet Mall in Chiba
June 13 2022 13:35 JST
 
Mitsubishi Shipbuilding Completes Conceptual Design of VLGC Enabling Conversion of Main Fuel from LPG to Ammonia
June 10 2022 09:12 JST
 
MHI Thermal Systems Begins Mass Production of ZSX and ZS series for the European Market in June
June 10 2022 08:50 JST
 
Mitsubishi Shipbuilding Acquires Approval in Principle (AIP) from France's Classification Society for Spherical Cargo Tank System for LCO2 Carriers
June 08 2022 10:52 JST
 
More Press release >>

Latest Press Release


More Latest Release >>