Mitsubishi Heavy Industries (MHI) has issued a ¥10bn ($67m) bond to finance its energy transition initiatives, which include low-carbon hydrogen and ammonia production.
MHI will use the proceeds for its hydrogen and ammonia power generation businesses or projects for 100% hydrogen firing, along with the production and end use of the two fuels.
In addition, the bond will support them in decarbonising existing infrastructure, such as gas engines for power generation and sustainable aviation fuels (SAFs), whilst also building a “hydrogen solutions ecosystem,” with blue or turquoise hydrogen production technology and hydrogen compressors for transport.
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