Eneos Corporation announces that it has made an equity investment in MVCE Gulf Coast (MVCE) of the U.S., which seeks to produce clean H₂ in the Gulf of Mexico in the U.S. and build a clean H₂ supply chain between Japan and the U.S.

Envisioning a carbon neutral society that consumes large amounts of H₂, Eneos is working to build low-cost, stable clean H₂ supply chains in Japan and overseas. As one aspect of the initiative, Eneos is investigating the joint production of H₂ with business partners in Asia, the Middle East and Australia as well as the production and transportation of methylcyclohexane (MCH), an effective medium for the efficient form of H₂ storage and transportation.

Established by Azimuth Capital Management, MVCE has extensive experience and knowledge in business areas including H₂ and ammonia manufacture as well as project development and is developing one of the world’s largest plants for the manufacture of H₂, MCH and ammonia in the Gulf of Mexico. Through its equity participation, Eneos will verify the commercial feasibility of manufacturing cost-competitive and clean H₂ in the Gulf of Mexico and exporting MCH to Japan.