Chiyoda Teams up with Axens to Unlock Hydrogen Supply Chain Issue

Source: 11/28/2022, Location: Asia

Chiyoda Corporation (Chiyoda) is pleased to announce the signature of a Joint Commercial Cooperation Agreement (JCCA) with Axens. The purpose of this cooperation is to facilitate hydrogen supply chain projects via methylcyclohexane*1 (MCH) as Liquid Organic Hydrogen Carrier (LOHC) and promote a combination of Chiyoda’s SPERA HydrogenTM technology and Axens’ Toluene Hydrogenation technology.

According to the International Energy Agency (IEA), the size of the hydrogen economy could be as large as 150 million tons annually in 2030. The hydrogen long distance transportation from favourable areas of production to main consumption countries remains a key challenge to be addressed from technical and economical point of view.

Chiyoda’s SPERA Hydrogen technology utilizes MCH as a LOHC and with Chiyoda’s proprietary dehydrogenation catalyst, it produces hydrogen and toluene from MCH with high conversion and high selectivity.

Axens’ Toluene Hydrogenation technology uses high performance homogeneous catalysis resulting in high purity MCH production from toluene and hydrogen with optimized energy efficiency. This technology is backed up by Axens' unmatched experience in the field of hydrogenation through process optimization and extensive catalyst development.

The combination of both technologies through the JCCA will:
• bring strong synergies allowing fast track approach for project implementation; and
• provide a single point of contact to reduce the burden of customer coordination between two licensors.

This JCCAbased on the usage of proven technologies using MCH as a LOHC will help the emergence of the hydrogen market while mitigating:
• issues linked to safety and difficulties of hydrogen transport and storage; and
• technology cost intensity by using existing infrastructure, regulations, and standards.

Chiyoda is currently implementing ‘Chiyoda's Revitalization Plan - Initiatives for Revitalization and the Future’ in May 2019 and ‘Revitalization Plan Update’ in May 2021. This JCCA will be a major contribution to defining “new values” in engineering and visions highlighted in the two documents. It will also be a significant milestone towards achieving Chiyoda’s goal of contributing to a carbon neutral society by 2030 through business portfolio innovation.

Furthermore, Chiyoda and Axens will jointly develop hydrogen markets in the area of Europe, Japan, North America, Asia, Oceania, etc. This joint development allows Chiyoda to further accelerate the expansion of its hydrogen supply chain business, contributing to energy transformation and long-term CO2 emission reductions towards global decarbonization and a sustainable future environment.

Austria >>  2/8/2023 - Masdar, one of the world’s fastest-growing clean energy companies, has signed a memorandum of understanding (MoU) with VERBUND, Austria’s leading ener...
South Korea >>  2/7/2023 - DNV has been selected by South Korea’s state-owned natural gas importer and transporter Korea Gas Corporation (KOGAS) to assess the viability of blend...

Finland >>  2/6/2023 - Gasgrid is involved in the BalticSeaH2 hydrogen valley project, in which a large, cross-border hydrogen valley is created in the Baltic Sea region, wi...
United States >>  2/6/2023 - Linde has signed a long-term agreement to supply clean hydrogen and other industrial gases to OCI’s new world-scale blue ammonia plant in Beaumont, Te...

United States >>  2/6/2023 - Air Products announced plans to broaden its Americas presence by establishing two new Project Delivery offices in Edmonton, Alberta, Canada and Buffal...
Austria >>  2/3/2023 - GONDAN Shipbuilders is part of Ship-aH2oy project. It involves 17 partners from 7 European countries and aims to introduce high-temperature solid oxid...

Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.