ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
Home
Press release
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.
Sectors: Energy
Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
NEC and Juniper Networks Deploy Algeria Telecom's Nationwide 5G-Ready IP Metro Network
May 25, 2022 17:50 JST
Hitachi and Hitachi Astemo Developed Thin-type Inverter Technology for EVs That is More Compact and Energy Efficient
May 25, 2022 11:02 JST
DENSO, Honeywell Co-Develop E-Motor for Lilium's All-Electric Jet
May 25, 2022 10:01 JST
Toyota Announces May/June Production Suspension and June Production Plan
May 24, 2022 13:53 JST
NEC Provides AI-based Traffic Monitoring System with Fiber-optic Sensing Technology for NEXCO CENTRAL
May 24, 2022 11:27 JST
Mitsubishi Corporation signs Participation Agreement with Sempra Infrastructure, TotalEnergies, Mitsui for Carbon Sequestration Project in Louisiana
May 24, 2022 10:10 JST
Hitachi launches Lumada Inspection Insights and strengthens digital and green portfolio
May 24, 2022 09:16 JST
Project-Finance Agreement Signed for MC-Hokuden Hydro Power Alliance
May 23, 2022 11:15 JST
Mitsubishi Motors to Launch the All-New eK X EV in Japan
May 23, 2022 09:36 JST
NEC and Toyota Technical Development Develop Stable Wireless Control System for Cars and other Moving Objects in Factories
May 23, 2022 09:24 JST
MC and Morgenrot Enter into Capital and Business Alliance
May 20, 2022 20:19 JST
ROOKIE Racing and TOM'S SPIRIT Announce Team Setups for Super Taikyu Series Fuji 24 Hours Race
May 20, 2022 13:42 JST
MC and Kurashiki City Sign Regional Development Agreement
May 20, 2022 10:55 JST
BDO announces winners of the BDO ESG Awards 2022
May 19, 2022 22:20 JST
MHI-MS Introduces the New "MC" Flexo Folder Gluer: The Latest Innovation from the World's Leading Industrial Firm
May 18, 2022 20:36 JST
Lexus to Unveil All-New RX on June 1, 2022
May 18, 2022 19:38 JST
Fujitsu Signs Strategic Collaboration Agreement with AWS to Accelerate Digital Transformation in Finance and Retail Industry
May 18, 2022 14:51 JST
Yew Lee Pacific Group Berhad Launches Prospectus for ACE Market IPO
May 17, 2022 13:30 JST
Alba Signs Agreement with Mitsubishi Power & SEPCOIII as EPC Contractor for Block 4 in Power Station 5
May 17, 2022 12:26 JST
Fujitsu and RIKEN start joint research on next-generation IT drug discovery technology using the supercomputer Fugaku and simulation integrated AI
May 17, 2022 11:32 JST
More Latest Release >>
Related Release
MHI-MS Introduces the New "MC" Flexo Folder Gluer: The Latest Innovation from the World's Leading Industrial Firm
5/18/2022 8:36:00 PM JST
Alba Signs Agreement with Mitsubishi Power & SEPCOIII as EPC Contractor for Block 4 in Power Station 5
5/17/2022 12:26:00 PM JST
Mitsubishi Shipbuilding and NYK Line Obtain Approval in Principle (AiP) from Classification Society ClassNK for Large LCO2 Carrier
5/16/2022 12:41:00 PM JST
Mitsubishi Heavy Industries Achieves Record-Breaking Cash Flow in FY2021 and Plans Increased Dividends
5/12/2022 2:32:00 PM JST
MHIENG Establishes Branch Office in Canada Focused on Decarbonization Business
5/11/2022 12:34:00 PM JST
JAEA and MHI Commence Demonstration Program for Hydrogen Production Using a High Temperature Engineering Test Reactor
4/28/2022 6:04:00 PM JST
MHIENG to License Carbon Capture Technology for Natural Gas Plant in Italy
4/25/2022 12:40:00 PM JST
MHI to Expand the MHIAEL Nagasaki Plant for Manufacture of Aircraft Engine Combustors
4/22/2022 4:22:00 PM JST
Mitsubishi Shipbuilding Completes Conceptual Study for Ammonia/LCO2 Carrier
4/19/2022 10:38:00 AM JST
MHI Receives Contract for Extensions to the Macau LRT Network Using an AGT System
4/14/2022 4:35:00 PM JST
More Press release >>