Page 10 - AsiaElec Week 28 2021
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AsiaElec HYDROGEN AsiaElec
White Summit Capital, Marubeni to
develop green hydrogen projects
JAPAN SWITZERLAND-BASED infrastructure hydrogen company. It says the sites selected for
investor White Summit Capital has signed a the hydrogen production projects will leverage
memorandum of understanding (MoU) with the huge and reliable renewable energy resources
Japan-based Marubeni to develop more than 1 in Iberia. The company said locations were cho-
GW of industrial-scale green hydrogen projects, sen based on their unique strategic advantages,
mainly in Spain, over the next decade. including export logistics such as port, rail and
The aim is to target the Spanish market and road scalability, as well as low production cost.
eventually global markets with green hydro- White Summit Capital previously announced
gen-producing projects. that its BenortH2 green hydrogen project
“White Summit Capital will count on the located in the Basque Country will be the first of
support of Marubeni as an international indus- such projects. BenortH2 is anticipated to begin
trial trading and investment house to accelerate production in 2023.
the development of its projects and the com- HyFive is expected to have a presence across
mercialisation of its green energy products,” the the entire value chain, covering hydrogen pro-
company said. “Marubeni has a vast experience duction, transportation, storage and marketing
in project development including demonstra- of green hydrogen and related green energy
tion initiatives of green fuel production, trans- products. It will offer end-to-end carbon-neu-
portation and end-use economics.” tral solutions to industrial customers who are
Recently, White Summit Capital launched planning to transition to green energy fuels.
HyFive, a vertically integrated pure-play green
P10 www. NEWSBASE .com Week 28 14•July•2021
