Energy technology company Metacon AB has signed a Memorandum of Understanding (MoU) with Japanese industrial group Futamura Chemical to jointly develop hydrogen-based power generating systems for certain projects in Asia and Middle East.

Signed by Metacon’s wholly-owned subsidiary Metacon KK, the purpose is to integrate Helbio’s reformer into Futamura’s hydrogen-based system with PSA (pressure swing adsorption) for power generation.

“We are extremely proud of the opportunity, together with Futamura, to develop a solution for hydrogen-based power generation,” said Chris Tornblom, CEO of Metacon AB

“The Asian hydrogen market is growing at a rapid pace and the collaboration and a well-established company like Futamura gives us a footprint in the Asian market.”

The executed MoU does not constitute an order per se, but the company make the assessment that the cooperation may generate revenues in the foreseeable future.

The aim is that this MoU shall lead to a commercial joint development agreement between Metacon and Futamura.

Yasuo-Nagae-and-Chris-Tornblom-1-1

Source: Metacon

Futamura President Yasuo Nagae and Metacon CEO Chris Tornblom at Futamura Chemical offices in Nagoya, Japan in April 2019

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