Fabrum and Sumitomo Australia Partner to Accelerate Hydrogen Adoption in Heavy Transport and Aviation Sectors
Key Ideas
- Fabrum and Sumitomo Australia collaborate to offer financing solutions for portable liquid hydrogen systems in Australia, meeting the demand for decarbonisation in heavy transport and aviation.
- The partnership aims to reduce barriers to adoption of liquid hydrogen as a fuel for aircraft and trucks by providing financial options through Sumitomo Australia, supporting the transition to a hydrogen-powered future.
- Sumitomo's commitment to sustainability and Fabrum's expertise in hydrogen technologies align to promote a greener future for Australian industry, contributing to long-term objectives for climate change mitigation and Net Zero by 2050.
- The collaboration showcases the growing synergy between New Zealand and Japan in advancing hydrogen technology, highlighting Fabrum's track record in delivering liquid hydrogen production systems globally.
Fabrum, a New Zealand company specializing in zero-emission transition technologies, has partnered with Sumitomo Australia to provide financing solutions for Fabrum's hydrogen liquefier customers in Australia. The collaboration focuses on the increasing demand for liquid hydrogen in heavy transport and aviation sectors striving for decarbonisation.
Fabrum's containerized portable liquefiers offer sustainable solutions for transport through liquid hydrogen fuel, catering to various production capacities. The Memorandum of Understanding between Fabrum and Sumitomo Australia introduces a financing option for portable liquid hydrogen systems, enabling easier adoption of hydrogen technologies in the industry.
The partnership aims to establish a hydrogen ecosystem in heavy transport and aviation by supporting the use of liquid hydrogen as a fuel for aircraft and trucks. Both companies emphasize the importance of innovation and sustainability in promoting a hydrogen-powered future.
Sumitomo Australia's spokesperson highlights the commitment to sustainable business activities and achieving Net Zero by 2050 through initiatives like flexible financing for hydrogen liquefaction technology. The collaboration aligns with the companies' shared vision for a low-carbon economy and sustainable energy cycle.
Fabrum's Co-Founder and Executive Chair, Christopher Boyle, expresses excitement about the partnership with Sumitomo, emphasizing the synergy between New Zealand and Japan in advancing hydrogen technologies. He cites previous successful projects with major Japanese companies and expects Japan's increasing adoption of hydrogen energy to boost interest in their technology.
Fabrum's patented cryogenic technology has been pivotal in enabling the global shift towards clean energy transition, offering solutions for mobility in various sectors. The company's focus on sustainability and innovation has led to successful implementations in hydrogen liquefaction plants, hydrogen refueling stations, and heavy industry mobility applications.
Overall, the collaboration between Fabrum and Sumitomo Australia holds promise in accelerating the adoption of hydrogen technologies, contributing to a greener and more sustainable future for heavy transport and aviation industries.