Iwatani, Cosmo Energy to build hydrogen supply chain at Chiba refinery
Iwatani Corp and Cosmo Energy Holdings will jointly develop a hydrogen supply chain at Cosmo's Chiba refinery, with operations set to start in 2030. The project involves a 20 billion yen investment by Cosmo Oil to restore a hydrogen production plant and a 30 billion yen investment by Iwatani Industrial Gases to build a liquefied hydrogen plant.
TOKYO, Oct 6 (Reuters) — Japan's Iwatani Corp and Cosmo Energy Holdings said on Tuesday they have made a final investment decision to jointly develop a hydrogen supply chain at Cosmo's Chiba refinery near Tokyo, with operations scheduled to start in 2030. 5 million). 6 tons per day, investing about 30 billion yen. Cosmo will use the hydrogen in its refining process and supply part of the output to Iwatani, which will liquefy it and distribute it to domestic customers.
The project will secure a stable hydrogen supply for the refinery while expanding Iwatani's domestic liquefied hydrogen production capacity. Iwatani supplies about 70% of Japan's hydrogen. The companies said consolidating hydrogen production will reduce costs compared with separate investments and help build a competitive domestic hydrogen supply chain Engineering, procurement and construction will be led by Cosmo Iwatani Hydrogen Engineering, a joint venture established by the companies in 2023.
The project turns the companies' capital and business alliance, agreed in April 2024, into a concrete investment, following Iwatani's acquisition of an additional stake in Cosmo in 2023 to become its largest shareholder. com; +813-4520-1265;)