Chiyoda, Mitsubishi, Sembcorp sign hydrogen MoU
Chiyoda Corp, Mitsubishi Corp and Sembcorp Industries have signed a memorandum of understanding to explore the feasibility of setting up a hydrogen supply chain in Singapore, they said on October 5.
The proposed business will use Chiyoda's hydrogen storage and transportation technology, SPERA Hydrogen. Chiyoda has developed the SPERA Hydrogen technology to release hydrogen from methylcyclohexane, which is a type of liquid organic hydrogen carrier.
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Although the companies will be building this supply chain to serve Singapore's market, they intend to source clean, carbon-free hydrogen from outside the country. Accordion to the MoU, the business will combine Sembcorp's know-how in energy with both Chiyoda's transportation technology and Mitsubishi's project development expertise.
Singapore's Long-Term Low-Emissions Development Strategy aspires to halve emissions from the country's expected 2030 peak to 33mn metric 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. The southeast Asian nation has positioned the introduction of hydrogen and low-carbon technologies as significant initiatives to achieve this goal, the companies said.