Japanese govt awards $1.62 bln to Japan-Australia hydrogen energy supply JV

Kawasaki Heavy Industries

07/03/2023 01:01

March 7 (Reuters) - A Japanese-Australian venture
producing hydrogen from brown coal said on Tuesday it had
entered its commercial demonstration phase, with a commitment of
220 billion yen ($1.62 billion) in funding from the Japanese
government.
    Led by Kawasaki Heavy Industries  7012.T , Hydrogen Energy
Supply Chain (HESC) project is a A$500 million ($336.40 million)
coal-to-hydrogen project backed by Japan and Australia as a way
to switch to cleaner energy and cut carbon emissions.
    

($1 = 136.0500 yen)

($1 = 1.4863 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru; Editing by Rashmi Aich)
 ((Riya.Sharma@thomsonreuters.com;))