July 30, 2021
Port of Rotterdam Authority, Koole Terminals, Chiyoda Corporation and Mitsubishi Corporation Sign MoU to Study Commercial-Scale Hydrogen Imports to the Netherlands
TOKYO - 30 July 2021 — The Port of Rotterdam Authority (POR), Koole Terminals, Chiyoda Corporation and Mitsubishi Corporation have entered into an MoU for the joint-study of commercial-scale imports of hydrogen to the Port of Rotterdam utilizing Chiyoda’s hydrogen storage and transportation technology (SPERA HydrogenTM).
In May 2020, POR announced its Hydrogen Vision, under which it is aiming at developing green hydrogen supply chains for Northwestern Europe and becoming a hub for hydrogen imports. Its goals are to bring in 20 million tons of hydrogen annually by 2050, with tiered volume targets of 100,000 – 200,000 tons by 2025 and 300,000 – 400,000 tons by 2030.
Successfully completed in December 2020, the first international hydrogen supply chain utilizing SPERA Hydrogen connects the Nation of Brunei and Japan’s Kawasaki City. The technology is expected to play an important role in the realization of more commercial-scale hydrogen supply chains around the world. Backed by a strong and shared interest in both Chiyoda’s technology and its commercial potential, the aforementioned parties to this MoU have already engaged in numerous discussions regarding future applications and opportunities.
In accordance with the terms of this MoU, MC will take the lead in forging a hydrogen business value chain. Through this and other initiatives, the sogo shosha is demonstrating its commitment to environmental conservation and the development of sustainable societies by helping to achieve long-term emission-reduction targets and accelerate energy transitions in Europe.
*SPERA Hydrogen is an organic chemical hydride (OCH) hydrogen storage and transportation technology. LOHC (liquid organic hydrogen carrier) technologies allow hydrogen to be safely transported in chemical tankers at normal atmospheric temperature and pressure.
1. About Mitsubishi Corporation
Headquarters: 3-1 Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan
Main Business: Global integrated business enterprise that is comprised of 10 Business Groups: Natural Gas, Industrial Materials, Petroleum & Chemicals, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution, and Urban Development
Representative: Takehiko Kakiuchi, President and CEO
2. About Port of Rotterdam Authority
Headquarters: The Netherlands
Main Business: Development, construction, management and operation of the port and industrial area in Rotterdam.
Representative: Allard Castelein, President and Chief Executive Officer
3. About Koole Terminals
Headquarters: The Netherlands
Main Business: International storage and transportation company that handles vegetable oils and fats, oligochemicals, waxes, biodiesel, base oils, chemicals, minerals, etc.
Representative: John Kraakman, Chief Executive Officer
4. About Chiyoda Corporation
Headquarters: 4-6-2, Minatomirai, Nishi-ku, Yohohama, Japan
Main Business: Integrated engineering business including consulting, planning, engineering, procurement, construction, commissioning and maintenance for facilities related to gas, electricity, petroleum, petrochemical, chemical, pharmaceutical, antipollution, environment, preservation, and other services. Exploration of oil, gas, and other mineral sources, and investment and financing to such exploration activities.
Representative: Masaji Santo, President & COO
Please refer to this file for joint press release by 4 companies
Inquiry RecipientMitsubishi Corporation
Telephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705