Electric Power Development Co., Ltd.( J-Power) and Sumitomo Corporation have signed a memorandum of understanding to jointly study the feasibility of a clean hydrogen production project extracted from gasified Latrobe Valley Coal and CO2 capture & storage (CCS) in Victoria, Australia.
The Project will study the commercialization of clean hydrogen production, together with CO2 capture technology and selection of a preferred CO2 storage solution, taking advantage of the experience of the J-Power’s Osaki Cool Gen Project, which employed its EAGLE2 coal gasification technology, being underway in collaboration with Japan’s Chugoku EPCo and with the support of METI (Ministry of Economy, Trade, and Industry) and NEDO3.
The Project is also aiming to demonstrate an international hydrogen supply chain4, utilizing the experience of the HESC, which was completed in 2022 in cooperation with various private sector companies and related ministries and agencies in Australia and Japan.
In addition to utilizing clean hydrogen inside Australia, the Project will also consider collaboration with the Demonstration Project for the Commercialization of a Liquefied Hydrogen Supply Chain, which was selected as a Green Innovation Fund Project by the NEDO, with the aim of establishing the world’s first commercial-scale hydrogen supply chain.
J-POWER announced J-POWER “BLUE MISSION 2050” in February 2021, and this Project is one of the specific initiatives for decarbonization. J-POWER will continue to work to achieve a carbon-neutral and hydrogen-based society by 2050.
Sumitomo Corporation has identified “mitigation of climate change” as one of the key social issues and has set “the challenge to become carbon neutral by 2050 and achieve a sustainable energy cycle” and aims to create next-generation businesses that contribute to decarbonization.
Considering hydrogen as one of the important energies for the future of a decarbonized society, Sumitomo Corporation will multilaterally work on the development of hydrogen-related businesses, such as a “locally produced for locally consumed” type of hydrogen business that makes the most of the characteristics of hydrogen and the relevant region; large-scale hydrogen value chain business to promote mass production, transport/storage, and use of hydrogen; and investment in new technologies.