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

Venture Global LNG raises $1.75 billion in IPO

Venture Global announced on Thursday the pricing of its IPO of 70 million shares of its Class A common...

Atlantic LNG shipping rates dip below $10,000 per day, European prices up

“Global LNG freight rates hit record lows this week, with the Spark30S (Atlantic) assessment dropping $11,000 to $9,000 per...

US LNG exports drop to 22 shipments

The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of...

More News Like This

Celsius, Jera seal charter deal for newbuild LNG carrier

Celsius revealed the charter deal on Wednesday, but it did not provide further information regarding the contract. VesselsValue data suggests...

MOL and Jera pen new charter deal for newbuild LNG carrier

MOL said in a statement on Wednesday it has signed the long-term charter deal with a vessel operation management...

Japan’s Jera launches think tank

Japan's power firm and LNG trader, Jera, established a think tank on January 1 to strengthen its intelligence capabilities...

Freeport LNG ships 800th cargo

The LNG terminal operator announced the departure of the milestone shipment in a social media post on Tuesday. Freeport LNG...