Mitsubishi, 7 others to form coalition to promote electric natural gas
MITSUBISHI said on Tuesday (Mar 19) it will form an international coalition with seven other firms including TotalEnergies and Tokyo Gas to support development and production of electric natural gas (e-NG).
E-NG is a synthetic gas produced from renewable hydrogen and carbon dioxide and can be transported and stored utilising existing infrastructures, Mitsubishi said, adding that the companies believe e-NG has a role to play to accelerate the energy transition towards a net-zero carbon future.
With an aim to contribute to a fight against climate change, Mitsubishi and its partners plan to accelerate the development of e-NG in a reliable, affordable and sustainable way, the Japanese trading house said.
Mitsubishi’s other partners are France’s Engie, US-based Sempra Infrastructure, Belgium’s TES, and Japan’s Osaka Gas and Toho Gas. They plan to create the group, called “e-NG Coalition”, in the first half of the year. REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply