Japan's Eneos opens green hydrogen test plant in Australia

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Japan's Eneos opens green hydrogen test plant in Australia</title></head><body>

MELBOURNE, Feb 1 (Reuters) -Eneos Corp 5020.T, Japan's biggest oil refiner, on Wednesday opened a small green hydrogen plant in Australia which will demonstrate its patented electrolysis technology, the Queensland state government said.

Backed by the Japanese government's 2 trillion yen ($15 billion) Green Innovation Fund, Eneos will be able to make 20 kilograms a day of green hydrogen, using its Direct MCH technology powered by a solar system on site, the state said.

"This project is set to unlock significant benefits for Queensland's economy by generating hydrogen jobs of the future and tapping into new export markets," the state's deputy premier, Steven Miles, said in a statement.

Eneos says on its website that its technology is low-cost and efficient as it stores hydrogen as a liquid in the form of methylcyclohexane (MCH) made from water, toluene and renewable energy in a single step, without having to produce hydrogen as a gas first.

By storing green hydrogen as MCH rather than as liquid hydrogen, the product can be handled using existing petroleum infrastructure, rather than having to chill the hydrogen to minus 253 degrees C (487 degrees F) to be able to transport it.

($1 = 130.1800 yen)

Reporting by Sonali Paul; Editing by Himani Sarkar


Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.