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NEW JAPANESE CORPORATION FORMED TO INVEST IN HYDROGEN POWER

NEW JAPANESE CORPORATION FORMED TO INVEST IN HYDROGEN POWER

Wednesday, August 4, 2021 

Three of Japan's marine engine manufacturers, Kawasaki Heavy Industries, Yanmar Power Technology and Japan Engine Corporation have concluded a joint venture contract for combined investment, and announced the joint establishment of a new company to be known as HyEng Corporation.

With a view to contributing to decarbonisation in Japan, and promoting development of shipbuilding and maritime industry, the three companies have completed an agreement to facilitate joint investment in establishing the new company, which will pursue joint development of marine hydrogen-fuelled engines. This announcement follows an initial joint venture agreement in May 2021.

In line with the previous announcement, Kawasaki Heavy Industries will develop medium-speed four-stroke engines, Yanmar Power Technology will focus on medium- and high-speed four-stroke engines, and Japan Engine Corporation will embark on the development of low-speed two-stroke engines. All three simultaneous developments will enhance the product lineup of propulsion and auxiliary (generator) engines for a wide range of vessels. In addition, a hydrogen fuel storage and supply system will be developed as part of the integrated hydrogen fuel system.

By developing and commercialising advanced hydrogen marine engine technologies based on the distinctive engines, the consortium will contribute to Japanese shipbuilding with the aim of revitalising the Japanese maritime industries and realising a sustainable society by promoting the uptake of hydrogen fuelled engine technology for marine vessels.

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