Kawasaki Heavy Industries (Kawasaki), Iwatani Corporation (Iwatani), and INPEX Corporation (INPEX) have officially announced a shareholder agreement for INPEX to acquire shares in Japan Suiso Energy, Ltd. (JSE), a collaborative venture between Kawasaki and Iwatani.
With INPEX’s acquisition of JSE shares, Kawasaki has entered into a stock transfer agreement with INPEX to transfer a portion of its JSE holdings. The new equity distribution for the parties sees Kawasaki with 36.6%, Iwatani with 33.4%, and INPEX with 30.0%.
In a global push for decarbonisation, hydrogen holds the potential to enhance energy security due to its flexibility in production from various raw materials, diversification of procurement sources and extended storage capabilities.
The Japanese government’s “Basic Hydrogen Strategy,” recently updated in June 2023, targets the introduction of up to three million tonnes of hydrogen per year by 2030, followed by ambitious goals of 12m tonnes in 2040 and 20 million tons in 2050.
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