Japanese firm Iwatani Corporation (Iwatani) has been building a large-scale hydrogen supply chain from overseas through a project led by the CO2-free Hydrogen Energy Supply-chain Technology Research Association (HySTRA).
In addition to this, Iwatani has collaborated with various other Australian companies including Queensland government-owned power company Stanwell and leading iron ore producer Fortescue Metals Group.
Iwatani intend to open an office of Iwatani Australia in Brisbane, Queensland as part of the early establishment of a commercial supply chain in 2030.
This opening will also allow the company to strengthen relationships with affiliated companies, as well as conduct local market and infrastructure research.
With energy companies becoming increasingly conscious of their carbon footprints, achieving carbon neutrality is a goal of international governments. With this in mind, Iwatani intend to produce a large amount of inexpensive liquid hydrogen overseas in order to contribute to the large-scale utilisation of hydrogen.
Iwatani has been involved in the hydrogen industry since 1941 and owns a 70% share of Japan’s hydrogen market. Building Japan’s first liquid hydrogen plant in 2006, they produce 120 million m3 of liquid hydrogen each year.