Japan’s Jera makes investment in German hydrogen firm

Japan’s LNG trading giant Jera said it would invest about 15 million euros ($17.7 million) in Germany-based hydrogen tech firm Hydrogenious LOHC.

Jera said in a statement it had entered into an investment agreement and shareholders’ deal with Hydrogenious through its unit, Jera Americas.

This is a joint investment with Temasek, Chevron Technology Ventures and Pavilion Capital, while Jera Americas is a lead investor, it said.

Hydrogenius said in a separate statement it had raised in total 50 million euros ($59 million) to scale and commercialize its technology.

The German firm specializes in hydrogen storage and transportation technology. Its Liquid Organic Hydrogen Carrier (LOHC) technology bonds hydrogen to a non-toxic, non-flammable liquid, making it suitable for safe as well as efficient transportation and distribution, according to the firm.

Also, Hydrogenius is building the world’s largest LOHC plant in Dormagen, Germany, with commissioning scheduled in 2023.

“By investing in the company, Jera will strive to acquire knowledge of LOHC technology, a potential game-changer as a hydrogen energy carrier, and will support development of LOHC plants in Europe, North America, Asia, etc., thereby contributing to establishing hydrogen supply chains globally,” Jera said.

Jera has revealed several hydrogen-related developments lately, including plans to supply hydrogen to one of its LNG-powered plants in Japan as part of a pilot project.

Most Popular

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

Woodside, Jera ink non-binding winter LNG supply deal

A unit of Australian LNG player Woodside and Japan's Jera have entered into a non-binding heads of agreement for the sale and purchase of LNG cargoes during Japan’s peak winter period.

Jera plans to build new LNG units at Sodegaura power plant

Japan’s Jera plans to build new LNG-fueled units at its Sodegaura power plant in the Chiba prefecture, as part of its plans to replace aging facilities.

Petronas, Jera strenghten LNG ties

Malaysia's Petronas and Japan's Jera have agreed to expand their collaboration across the gas value chain, including providing LNG supply for Japan, with the signing of a memorandum of understanding.

Japan’s Jera seals US LNG supply deals

Japan's power firm and LNG trader Jera has signed 20-year agreements to buy up to 5.5 million tonnes per year of LNG from the United States. The deals include an SPA with Commonwealth LNG and the previously announced SPA with NextDecade, as well as heads of agreements with Sempra Infrastructure and Cheniere.