Brief: Hydrogen Energy Supply Chain Project Gets JPY220 Bln Funding Committment From Japanese Govt

Kawasaki Heavy Industries

07/03/2023 01:00

March 7 (Reuters) - Hydrogen Energy Supply Chain (HESC)
Project: 
    * ENTERING COMMERCIAL DEMONSTRATION PHASE WITH COMMITMENT OF
JPY220 BILLION IN FUNDING FROM JAPANESE GOVERNMENT
    * FUNDS WILL BE DELIVERED VIA JAPAN SUISO ENERGY (JSE)
COMPRISING
KAWASAKI HEAVY INDUSTRIES & IWATANI CORPORATION
    * J-POWER AND SUMITOMO CORP JV WILL SUPPLY 30,000 TONNES OF
CLEAN
HYDROGEN GAS PER YEAR TO A JSE OWNED FACILITY
    * PROJECT WILL HELP REDUCE ATMOSPHERIC CO2 ON PATH TO NET
ZERO BY
2050 & AT FULL COMMERCIAL SCALE, CREATE MANY SUSTAINABLE ENERGY
JOBS
    * CAPITAL INJECTION ENABLES JSE TO BUILD COMMERCIAL SCALE
FACILITIES TO LIQUEFY, SHIP HYDROGEN FROM PORT OF HASTINGS TO
PORT OF KAWASAKI


 ((Reuters.Briefs@thomsonreuters.com;))