Mitsubishi Sign MOU to Explore Commercialization of Decarbonized Hydrogen
Mitsubishi Corporation (MC) announced today’s signing of a Memorandum of Understanding (MOU) with Chiyoda Corporation (Chiyoda) and Sembcorp Industries (Sembcorp), to explore the feasibility and implementation of a commercial-scale, decarbonized hydrogen supply chain in Singapore. The business will take advantage of Chiyoda’s proven hydrogen storage and transportation technology, “SPERA Hydrogen™”.
Singapore’s Long-Term Low-Emissions Development Strategy (LEDS) aspires to halve emissions from the country’s expected 2030 peak to 33 million tons of CO2 equivalent by 2050, with a goal to achieve net-zero emissions as soon as possible in the second half of the century. Singapore has positioned the introduction of hydrogen and low-carbon technologies as significant initiatives to achieve this goal. By promoting such initiatives, Singapore is aiming to transition to an enhanced energy system that balances environmental and economic considerations with reliability and sustainability.
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