On Thursday, Japan’s Kawasaki Heavy Industries has claimed that it is striving to carbon neutrality in its domestic factories and offices by 2030, with the use of electricity generated by a 100 megawatts (MW) hydrogen-fueled power plant which it aims to build.
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Kawasaki Heavy is further aiming to utilize hydrogen as a key growth driver by building liquefied hydrogen carriers, hydrogen power stations, and other facilities to develop a global supply chain of the fuel that may help decarbonize industries and support the global energy transition.
Kawasaki strives to transport 225,000 tons of liquefied hydrogen from abroad to Japan in 2030 and utilize 45,000 tons at the planned new hydrogen power plant to deliver electricity to its domestic sites.
Utilizing energy-saving technology and carbon dioxide separation and capture technology, the firm seeks bringing down emissions at its domestic sites from 300,000 tons in 2021 to achieve net zero in 2030.
Yasuhiko Hashimoto, president of Kawasaki Heavy, told reporters and analysts, “It’s our role to show everyone a pathway to carbon neutrality using hydrogen… we want to demonstrate it is feasible and cost can be reduced.”
The company is planning to cut the cost of hydrogen to 30 yen per normal cubic meter by 2030 from 170 yen assumed in a A$500 million ($358 million) pilot project, guided by Kawasaki, to ship its first cargo of liquefied hydrogen from Australia to Japan, due early next year.
Kawasaki is aiming to boost its hydrogen-related sales, taking in carriers, power generation equipment and licensing fees, to 300 billion yen ($2.6 billion) in 2030, and to 2 trillion yen in 2050.
“We are getting many inquiries from all over the world to collaborate in hydrogen business,” stated Hashimoto.
On Thursday, Kawasaki and German energy company RWE said that they are seeking to work together in a hydrogen-to-power demonstration project on industrial scale in Lingen, Germany.