Mitsubishi Corporation, Eneco establish JV for green hydrogen business

General – Green Hydrogen

Mitsubishi Corporation (MC) and its subsidiary N.V. Eneco (Eneco) have established a new company called Eneco Diamond Hydrogen B.V.

The new company is going to develop green hydrogen and associated renewable energy in Europe. The new company was officially registered on 6 June 2023 and is headquartered in Rotterdam.

Eneco Diamond Hydrogen develops green hydrogen and associated renewable energy businesses, pivoting from the Netherlands, by taking full advantage of its parents’ respective strengths. These include Eneco’s lengthy track record and experience in renewable energy business, and MC’s vast network, which spans a wealth of operations in oil refining, chemicals, steel, marine transport and other industries.

MC has made energy transformations central to its latest midterm corporate strategy, one of the objectives of which is to provide zero-carbon solutions that will help the world’s energy sector to decarbonize.

Through the establishment of Eneco Diamond Hydrogen, MC has taken another step towards achieving that objective by committing to the green hydrogen businesses in Europe.

Original Source: https://ocean-energyresources.com/2023/08/13/mitsubishi-corporation-eneco-establish-jv-for-green-hydrogen-business/