Strengthening Strategic Investment Toward a Decarbonized Society

「Decided to suspend projects including a green hydrogen business plan based on renewable energy in Queensland, Australia, and effectively withdraw from them.」

「Established a limited liability company with a group company of COSMO ENERGY HOLDINGS COMPANY,LIMITED to collaborate on engineering for hydrogen-related projects.」

「Regarding delivery vehicles essential to the stable supply of LP gas and industrial gases, the company began cylinder deliveries by fuel-cell trucks at sites in Tokyo and Fukushima Prefecture, the first such initiative in the industry, and advanced efforts to decarbonize the supply chain.」

「To realize a high-capacity hydrogen supply system for large-scale demand, including power generation, the company advanced collaboration with other companies, including the signing of a memorandum with Mitsubishi Heavy Industries,Ltd. for the development and sale of liquefied hydrogen booster pumps and a joint development agreement with 住友精密工業株式会社 for large-scale liquefied hydrogen vaporizers.」

「In the “Commercialization Demonstration of a Liquefied Hydrogen Supply Chain” in which our company participates, we made steady progress toward building a CO2-free hydrogen supply chain, including the selection of overseas loading and domestic receiving locations.」

「To help realize a decarbonized society, we entered into a basic agreement with partner companies concerning the production of low-carbon hydrogen derived from waste plastic near Nagoya Port. We aim to build a supply chain that will promote resource recycling and lead to the production of low-carbon hydrogen.」

「To help realize a decarbonized society, we decided to invest in 日本水素エネルギー株式会社, the entity leading the liquefied hydrogen supply chain commercialization demonstration project selected for the Green Innovation Fund. We will work with the investing companies to conduct detailed business feasibility studies toward construction of liquefied hydrogen carriers and terminal facilities.」

「To help realize a decarbonized society, we began feasibility studies for businesses that combine local renewable energy and hydrogen to expand local energy production for local consumption and address social issues. In the Awaji area of Hyogo Prefecture, we aim to develop a model for using hydrogen inexpensively and reliably in local industries and elsewhere by operating storage batteries in combination with hydrogen production equipment. In Aso District, Kumamoto Prefecture, we plan to use otherwise unused geothermal energy to produce hydrogen.」

「Specifically, the company is participating in a demonstration test involving the liquefaction of brown-coal-derived hydrogen in Australia and its maritime transport and cargo handling between Japan and Australia by liquefied hydrogen carrier, and successfully completed the demonstration test in February 2022.」

「The company aims to transport large volumes of CO2-free hydrogen to Japan for commercialization around 2030.」

「Drawing on the hydrogen technologies and expertise we have developed over many years and working with relevant companies, we aim to build a CO2-free hydrogen supply chain toward achieving carbon neutrality in Japan by 2050.」

「The basic policies are "strengthening strategic investment toward a decarbonized society" and "promoting digitalization."」