Mitsubishi, 7 others to form coalition to promote electric natural gas
19/03/2024 02:12
TOKYO, March 19 (Reuters) - Mitsubishi Corp 8058.T
said on Tuesday it will form an international coalition with
seven other firms including TotalEnergies TTEF.PA and Tokyo
Gas 9531.T to support development and production of electric
natural gas (e-NG).
e-NG is a synthetic gas produced from renewable hydrogen and
carbon dioxide (CO2) and can be transported and stored utilizing
existing infrastructures, Mitsubishi said in a statement, adding
that the companies believe e-NG has a role to play to accelerate
the energy transition towards a net-zero carbon future.
With an aim to contribute to a fight against climate change,
Mitsubishi and its partners plan to accelerate the development
of e-NG in a reliable, affordable and sustainable way, the
Japanese trading house said.
Mitsubishi's other partners are France's Engie ENGIE.PA ,
U.S.-based Sempra Infrastructure, Belgium's TES, and Japan's
Osaka Gas 9532.T and Toho Gas 9533.T . They plan to create
the group, called "e-NG Coalition", in the first half of the
year.
(Reporting by Yuka Obayashi; Editing by Sherry Jacob-Phillips)
((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))