Joint Venture For Liquefied Hydrogen Supply Chain

By
Mfame Editor
-
168

The European Commission (EC) has granted approval, in accordance with the EU Merger Regulation, for the establishment of a joint venture by Japanese firms INPEX Corporation, Kawasaki Heavy Industries, and Iwatani Corporation. The venture aims to develop a liquefied hydrogen supply chain, says an article published on offshore energy website.

Summary

  • The European Commission (EC) has approved the establishment of a joint venture by Japanese firms INPEX Corporation, Kawasaki Heavy Industries, and Iwatani Corporation, under the EU Merger Regulation.
  • The joint venture aims to develop a liquefied hydrogen supply chain, with a focus on liquefaction in Australia and transportation to Japan.
  • The companies will collectively acquire joint control over Japan Suiso Energy, Ltd. (JSE) through the purchase of shares.
  • The EC conducted a competition assessment and determined that the transaction would not pose significant competition concerns within the European Economic Area, utilizing the simplified merger review procedure.
  • Japan Suiso Energy, Ltd. (JSE) is currently involved in the Liquefied Hydrogen Supply Chain Commercialization Demonstration Project, selected by the New Energy and Industrial Technology Development Organization’s (NEDO) Green Innovation Fund project in August 2021.

Transaction Details

According to a document released by the EC on February 22, the companies will collectively acquire joint control over Japan Suiso Energy, Ltd. (JSE) through the purchase of shares. The focus of the venture lies in the liquefaction of hydrogen in Australia and its subsequent transportation to Japan.

Competition Assessment

Upon review, the Commission determined that the proposed transaction would not pose significant competition concerns, particularly within the European Economic Area. The examination of the transaction was conducted via the simplified merger review procedure.

JSE’s Role And Project Overview

Japan Suiso Energy, Ltd. (JSE) was established with the purpose of researching, planning, investing in, and operating an international liquefied hydrogen supply chain. JSE is currently involved in the Liquefied Hydrogen Supply Chain Commercialization Demonstration Project, which was selected by the New Energy and Industrial Technology Development Organization’s (NEDO) Green Innovation Fund project in August 2021.

The project’s objective is to facilitate the development of hydrogen liquefaction and transportation technology at a scale of tens of thousands of tons per year, with the aim of commercialization in the 2030s. Additionally, the project seeks to establish an integrated international liquefied hydrogen supply chain spanning from Australia to Japan.

Stakeholder Holdings

INPEX Corporation joined the project in October 2023 by acquiring a 30% equity stake in JSE. Kawasaki Heavy Industries holds a 36.6% stake, while Iwatani Corporation holds the remaining 33.4%.

This approval marks a significant step forward in advancing the development of a viable liquefied hydrogen supply chain, contributing to the broader goals of promoting clean energy and sustainable infrastructure.

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: offshore energy

 

5 COMMENTS

  1. When someone writes an paragraph he/she retains the plan of a
    user in his/her mind that how a user can be aware
    of it. So that’s why this post is amazing. Thanks!
    I saw similar here: Sklep internetowy

  2. Excellent post. I was checking continuously this blog and
    I am impressed! Extremely useful info particularly the last part 🙂 I care for such information much.
    I was seeking this particular info for a long time. Thank you and good
    luck. I saw similar here: Ecommerce

  3. May I simply say what a comfort to uncover an individual who really
    knows what they are discussing on the web. You definitely understand how to bring a problem to light and make it
    important. A lot more people must check this out and understand
    this side of the story. I was surprised you are not more popular
    because you definitely possess the gift. I saw similar here: Sklep online

  4. Great article! We will be linking to this great content on our website.
    Keep up the good writing. I saw similar here:
    sklep internetowy and also here: sklep

  5. Wow, fantastic blog layout! How lengthy have you ever been running a blog
    for? you made running a blog look easy. The whole glance of
    your website is magnificent, let alone the content!
    You can see similar: sklep internetowy and here sklep

Comments are closed.