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
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month
Gold flat ahead of US payrolls data, set for second weekly drop
Oil settles near 7-week lows, focus shifts to economy
Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board
Shell maintains pace of buybacks as profit beats estimates