Fabrum and Sumitomo Partnership Driving Hydrogen Adoption in Australian Transport and Aviation Sectors
Key Ideas
  • Fabrum and Sumitomo collaborate to offer financing solutions for hydrogen liquefier customers in Australia, targeting heavy transport and aviation sectors.
  • Fabrum's containerized portable liquefiers provide sustainable liquid hydrogen solutions for transport, offering flexibility and mobility.
  • The partnership aims to reduce barriers to adoption of hydrogen technology by providing a financial solution without upfront capital costs.
  • Sumitomo's commitment to sustainability aligns with the promotion of a low-carbon economy through hydrogen-focused initiatives and flexible financing options.
New Zealand company Fabrum, known for zero-emission transition technologies, has partnered with Sumitomo Australia to provide financing solutions for Fabrum’s hydrogen liquefier customers in Australia. The collaboration targets the increasing demand for liquid hydrogen in heavy transport and aviation sectors striving for decarbonization. Fabrum's containerized portable liquefiers, with different production capacities, offer a sustainable solution for liquid hydrogen fuel, promoting flexibility and mobility. Through the Memorandum of Understanding, Fabrum and Sumitomo aim to introduce a financing option for portable liquid hydrogen systems, supporting the establishment of a hydrogen ecosystem in heavy transport and aviation. Both companies emphasize the importance of innovation and sustainability in promoting hydrogen technology adoption. Sumitomo's commitment to sustainable business activities aligns with their objective of achieving Net Zero by 2050. The partnership highlights the synergy between New Zealand and Japan in driving hydrogen adoption, with Fabrum already collaborating with major Japanese companies on hydrogen projects. This collaboration is a step towards a greener future for Australian industry and the promotion of a low-carbon economy through hydrogen technology.
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