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National Research and Development Agency,
New Energy and Industrial Technology Development Organization (NEDO)
Advanced Hydrogen Energy Chain Association
for Technology Development (AHEAD)
Mitsui & Co., Ltd.
Nippon Yusen Kabushiki Kaisha
The four companies listed below, headquartered in Yokohama and Tokyo, are pleased to announce the creation of the "Advanced Hydrogen Energy Chain Association for Technology Development (AHEAD)" *1 and the launch of the world's first Global Hydrogen Supply Chain Demonstration Project.
Chiyoda Corporation President: Mr. Masaji Santo
Mitsubishi Corporation President: Mr. Takehiko Kakiuchi
Mitsui & Co., Ltd. President: Mr. Tatsuo Yasunaga
Nippon Yusen Kabushiki Kaisha President: Mr. Tadaaki Naito
The project, a subsidized "Technology Development Project to establish Hydrogen Society/Technology Development for the Utilization of Large Scale Hydrogen Energy", is funded by the National Research and Development Agency, the New Energy and Industrial Technology Development Organization (NEDO), and demonstrates "The Hydrogen Supply Chain utilizing the Organic Chemical Hydride Method".
|1. Project Description||The construction of a Global Hydrogen Supply Chain Demonstration Plant comprising a Hydrogenation Plant in Negara Brunei Darussalam and a Dehydrogenation Plant in Kawasaki's coastal region of Japan using Chiyoda's SPERA Hydrogen® Technology*2. Hydrogen will be procured in Brunei and transported by ship to Kawasaki, Japan in liquid form at ambient temperature and pressure. Hydrogen gas will then be extracted from the liquid in Kawasaki and supplied to consumers.|
|2. Project Scale||Supply of 210 tons (max) of Hydrogen in 2020, equivalent to filling 40,000 Fuel Cell Vehicles.|
|3. Hydrogen Supply||Hydrogen will be produced by Steam Reforming from the processed gas derived from the Natural Gas Liquefaction Plant of Brunei LNG Sdn. Bhd. (Headquarters: Lumut, MD: Mr. Thomas Jenke)|
|4. Hydrogen Demand||Fuel for the Keihin Refinery Thermal Power Plant, an affiliate of TOA OIL Co., Ltd. (Headquarters: Kawasaki, President: Mr. Hiroto Tamai). TOA OIL Co., Ltd. is owned by SHOWA SHELL SEKIYU K. K. (Headquarters: Tokyo, President and Group CEO: Mr. Tsuyoshi Kameoka).|
|5. Project Duration||Construction : August 2017 — December 2019
Operation : January 2020 — December 2020
The project will be constructed considering the Phase II of the "Strategic Road Map for Hydrogen and Fuel Cells", issued by Japan's Ministry of Economy, Trade and Industry (METI) in 2014 and revised in 2016, and aims to realize Global Hydrogen Transport and Supply Technology for full-scale Hydrogen Power Generation around 2030. This Hydrogen Demo project is a stepping stone for commercialization of projects post 2020.
The technology utilizes Hydrogen for CO2 free power generation, which can contribute to fulfill the December 2015 COP21 Paris Agreement requiring greenhouse gas reductions to combat global warming.
|Name||Advanced Hydrogen Energy Chain Association for Technology Development|
|Address||4-6-2, Minatomirai, Nishi-ku, Yokohama, Japan|
|President||Mr. Hideki Endo
(General Manager, Hydrogen Supply Chain Development Unit Chiyoda Corporation)
|Association Member||Chiyoda Corporation, Mitsubishi Corporation, Mitsui & Co., Ltd.
Nippon Yusen Kabushiki Kaisha
|Establishment Date||3 July 2017|
|Research Partner||MITSUBISHI HITACHI POWER SYSTEMS LTD.
Development Bank of Japan Inc.
Chiyoda's SPERA Hydrogen® Technology utilizes the Organic Chemical Hydride Method. In the supply country, Hydrogen, chemically fixed to Toluene, is converted into Methylcyclohexane (MCH), a liquid at ambient temperature and pressure, by hydrogenation reaction for storage and transport.
In the consumer country, Hydrogen is extracted from MCH by dehydrogenation reaction and supplied as hydrogen gas.
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.