ENEOS Corp. and Mitsubishi Corp. (MC) have signed a Memorandum of Understanding (MoU) to perform a joint study on the social implementation of hydrogen (H₂) and decarbonized fuels, which expands the ongoing joint feasibility study in the area of sustainable aviation fuel (SAF).

ENEOS operates H₂ stations for fuel cell vehicles (FCV) in Japan and is focusing on building a carbon dioxide (CO₂)-free H₂ supply chain to realize a H₂ supply business for domestic industrial complex areas utilizing Japanese governmental support, such as Green Innovation Fund Projects.

MC is making extensive efforts on developing, creating demand and building supply chain of next-generation energy, including H₂, in order to promote the Energy Transformation (EX) toward realizing carbon-neutral society. Through this MoU, the two companies will jointly study the development of hydrogen supply chain using methylcyclohexane (MCH). This includes the development of CO₂-free H₂ supply and its demand creation overseas, and utilization of H₂ in the mobility sector along with the social implementation of commercial FCV, by leveraging its strengths and accumulated knowledge on H₂.

Furthermore, the two companies will work together to promote the synthetic fuels made from CO₂-free H₂. ENEOS and MC have identified climate change as critical business challenges and are actively promoting initiatives to reduce greenhouse gas (GHG) emissions to contribute to the realization of carbon neutral and recycling oriented society. As part of these initiatives, the companies will firmly contribute to the early establishment of supply chains of next-generation energy and the creation of H₂ demand.