Kawasaki Heavy Industries, Ltd. (Representative Director, President and CEO:
Yasuhiko Hashimoto; hereinafter, “Kawasaki”), Toyo Engineering Corporation
(Representative Director, President and CEO: Eiji Hosoi; hereinafter, “TOYO”), JGC
Corporation (Representative Director and President: Farhan Mujib; hereinafter, “JGC”),
and Chiyoda Corporation (Chairman of the Board, President and CEO: Masakazu
Sakakida; hereinafter, “Chiyoda”) have signed a joint venture agreement to enhance
the front-end engineering design (FEED) executionfor a liquefied hydrogen supply
chain*1 in development by Japan Suiso Energy, Ltd. (hereinafter, “JSE”).
With Kawasaki as leader, the four companies will conduct the required FEED aimed
to realize a demonstration of commercial operations for hydrogen liquefaction facilities
(two plants capable of processing 60 tonnes per day), onshore liquefied hydrogen
storage tanks (five tanks with a capacity of 10,000m3 each), export terminal facilities
for large liquefied hydrogen carriers, and related facilities at the liquefaction and export
terminal in Hastings, Victoria, Australia. Furthermore, the companies will determine the
optimal equipment requirements, specifications, costs, among others, for
demonstration tests for the commercialization of JSE’s liquefied hydrogen supply chain.
Moving forward, Kawasaki will combine its technologies and skills in the areas of
liquefied hydrogen storage, handling, and transport, drawing on the extensive
accumulated experience and technical knowledge that TOYO, JGC and Chiyoda
possess in the area of overseas plant design and construction. The goal is to
accelerate FEED aimed at the creation of liquefied hydrogen supply chains, and in
doing so contribute toward the realization of Japan’s goal of carbon neutrality by 2050.
* JSE is currently pursuing a NEDO Green Innovation Fund Project calling for
demonstration of commercial operations of a liquefied hydrogen supply chain, with
the aim of full-scale commercialization of a clean hydrogen supply chain envisioning
a society which has achieved carbon neutrality and consumes large quantities of
hydrogen. This is based on the Green Growth Strategy Through Achieving Carbon
Neutrality in 2050 established on December 25, 2020
