Major Japanese oil firm buys into government-backed joint venture shipping liquid hydrogen from Australia to Japan
Inpex has bought shares from Kawasaki Heavy Industries into Japan Suiso Energy
Inpex, Japan’s largest oil and gas exploration and production company, has announced it will buy a 30% share from Kawasaki Heavy Industries into Japan Suiso Energy (JSE), the joint venture behind a controversial scheme to ship liquid hydrogen from Australia to Japan.
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Kawasaki originally held a 66.6% stake in JSE and now keeps a 36.6% share, with the remaining 33.4% of the joint venture staying in the hands of industrial gases firm Iwatani.
Proponents of liquid hydrogen have pointed towards the high energy consumption associated with reforming ammonia back to hydrogen.
Inpex has also suggested that its 30-year experience in the LNG sector will be crucial to commercialising JSE, which to-date has mainly acted as a lead on Japanese government-backed pilot projects.
JSE is currently leading the Hydrogen Energy Supply Chain (HESC) project, which seeks to produce 30,000 tonnes of “blue” hydrogen in Australia from coal gasification with CO2 captured and stored underground, before shipping it as a liquid to Japan.
Nedo’s backing of JSE and Eneos is set to end in 2030, although the consortium behind HESC — which includes J-Power and Sumitomo as well as JSE — have previously floated that the idea that the project could be commercialised in the 2030s.
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