AsiaEuropeOther Fuels

Japan’s Jera makes investment in German hydrogen firm

By LNG Prime Staff
Japan's Jera makes investment in German hydrogen firm
Hydrogenious LOHC's release plant (Image: Hydrogenious LOHC Technologies)

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

LNG Terminals

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.
LNG Terminals

Coastal Bend LNG plans large Texas export plant

Coastal Bend LNG said it had initiated development of a 22.5 million ton per annum (mtpa) natural gas liquefaction and export facility on the Texas Gulf Coast.
Vessels

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.

More News Like This

Contracts and Tenders

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.
LNG Terminals

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.
Contracts and Tenders

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.
Contracts and Tenders

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.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA