Mitsubishi Heavy Industries (MHI) has announced that it has agreed to make a capital investment in H2U Investments, the holding entity of the H2U Group.
The Group comprises The Hydrogen Utility (H2U), an Australia-based developer of green hydrogen and green ammonia projects using power from renewable energy.
As per the press release, MHI would support H2U's projects and business development initiatives, and for their front-end engineering and design (FEED) study for H2U's Eyre Peninsula GatewayTM project in South Australia.
“The first project of the initiatives, Eyre Peninsula GatewayTM in southwest South Australia, is planned to begin commercial production of green hydrogen and ammonia towards the end of 2022,” the firm said.
Green hydrogen and green ammonia are the next-generation clean energy that produces no carbon emissions either in the production or combustion stages.
Green hydrogen produced by water electrolysis using power from renewable energy sources would be used in the production of green ammonia, and to demonstrate hydrogen-powered gas turbine generators.
“As part of the project, MHI and H2U will investigate synergies with nearby industrial operations, including shared infrastructure for the further reduction of total carbon dioxide emissions in the region,” the company further.
According to the release, the initiatives would help decarbonize mineral processing and agricultural industries in the region and lay the foundation to export locally produced green hydrogen and green ammonia to Japan and other destinations to help drive industrial decarbonization on a global scale.