Kawasaki Heavy Industries (Kawasaki) has signed an MoU with Fortescue Metals Group (Fortescue) and Iwatani Corporation (Iwatani) for exploring a business model for the supply of liquefied hydrogen from renewable energy.
Under the MoU signed on Monday, December 14, the three parties will establish the Global LH2 Consortium to facilitate collaboration for the establishment of large scale, liquid hydrogen production and supply capabilities.
“The world’s transition to a clean energy future represents a major growth opportunity and this partnership with Kawasaki and Iwatani will help position Fortescue at the forefront of the establishment of a global renewable hydrogen industry,” said Elizabeth Gaines, CEO, Fortescue.
Under the MoU, parties will start examining the establishment of integrated liquefied hydrogen supply chains, encompassing hydrogen production and liquefaction using electricity from renewable energy sources such as solar and wind in Australia and overseas, and to be transported by a liquefied hydrogen marine carrier for delivery and distribution in Japan.
“Japan has been identified as one of the priority North Asian markets for hydrogen exports,” Ms. Gaines added. Fortescue is looking to leverage their business value chain and market access as well as the skills and capability to meet the future demand for green hydrogen.
Iwatani, the leading hydrogen supplier and the only liquefied hydrogen supplier in Japan is looking to establish future global hydrogen supply chains through the latest partnership. Iwatani started its hydrogen business in 1941 and has since built a nationwide hydrogen network from manufacturing to transportation, storage, supply, and safety.
Kawasaki, the global leader in the production, storage, shipping, and handling of liquid hydrogen is aiming to secure a stable energy supply through the Global LH2 consortium.