Kawasaki Heavy Industries, Ltd (KHI), Iwatani Corporation (Iwatani) and INPEX Corporation (INPEX) announced the completion of a shareholder agreement for INPEX to acquire shares in Japan Suiso Energy, Ltd. (JSE), a joint venture currently between KHI and Iwatani.
As decarbonisation efforts accelerate around the world, there are growing expectations for hydrogen as a clean energy source, as it does not emit CO2 when used. The International Energy Agency expects hydrogen to contribute to energy security as it can be produced from various raw materials such as biomass and water electrolysis and allows for diversification of domestic and international procurement sources and can be safely transported and stored for long periods of time.
As Japan’s largest exploration and production (E&P) company, INPEX supplies sustainable energy to Japan and other countries. The company has over 30 years of business experience, including being the first Japanese company to operate a large-scale liquefied natural gas (LNG) project (Ichthys LNG Project) in Australia. INPEX’s experience and knowledge will be critical for JSE to demonstrate commercialisation efforts, build an international liquefied hydrogen supply chain, and strengthen international competitiveness.
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