18 hours ago
Mitsubishi Gas Chemical to buy into Aussie hydrogen miner
Energy
Toyota and Eneos unit will also invest in startup Gold Hydrogen
Mitsubishi Gas Chemical hopes to use natural hydrogen to produce methanol from carbon dioxide and waste. © Reuters
ARATA SHIGENO
TOKYO -- Mitsubishi Gas Chemical will invest in an Australian startup that mines underground hydrogen, looking to use the gas for environmentally friendlier methanol production, the Japanese company announced Thursday.
The investment will be made in Gold Hydrogen, which has discovered natural, or underground, hydrogen in the state of South Australia. The startup aims to mine the hydrogen commercially.
