Itochu Corporation and Tree Energy Solutions Forge Partnership for Green Hydrogen-based e-NG Expansion
Key Ideas
  • Tree Energy Solutions and Itochu Corporation partner to accelerate the adoption of e-NG for decarbonizing challenging industrial sectors.
  • The collaboration aims to explore various cooperation avenues, including equity investments, production ventures, and regulatory initiatives in key markets.
  • Itochu's commitment to reduce GHG emissions aligns with TES' mission to establish an e-NG supply chain, focusing on Japan and North America.
  • The partnership signifies a significant achievement for TES in entering the Japanese energy market to provide cost-effective green molecules.
Tree Energy Solutions (TES) and Itochu Corporation have announced a strategic partnership to advance the adoption of e-NG, derived from green hydrogen, for decarbonizing industrial sectors. The collaboration aims to explore avenues such as equity investments and regulatory initiatives to accelerate the growth of e-NG production across North America, Europe, and Japan. Itochu's commitment to reducing GHG emissions by 40% from 2018 levels by 2030 aligns with TES' mission for a low-carbon economy. The partnership focuses on supplying e-NG to low-carbon fuel users in Japan and promoting e-NG from CO2 emissions in North America. TES's CEO highlighted the importance of the partnership for their global e-NG project portfolio and entry into the Japanese energy market. Itochu's Executive Officer expressed enthusiasm for advancing the adoption of synthetic methane and emphasized the joint efforts to reduce GHG emissions and drive sustainable progress in emissions reduction. The collaboration aims to lead in sustainability through innovative technology and environmental stewardship initiatives.
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