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Sumitomo Corp eyes building hydrogen value chain in the US

Sumitomo

Sumitomo Corp. of Americas, the largest subsidiary of Sumitomo Corporation, announced it will participate in the Japanese Hydrogen Forum (JH2F). The Forum congregates Japanese companies with hydrogen businesses in the United States. As a result, Sumitomo Corp will look to build a hydrogen value chain in the US.

Firstly, the Forum will have companies looking to provide the latest information regarding technology and policy in hydrogen energy sectors; including state-of-art integrated hydrogen solutions to support the adoption from governments throughout the US.

Moreover, the Forum comes as Japan and the US share a commitment for decarbonization. Both President Biden and Prime Minister Suga declared their shared goal of carbon neutrality by 2050.

In addition, hydrogen is a carbon-free energy resource with high energy density to generate electricity and is an affordable energy storage source. It can also act as renewable natural gas through methanation technology and basic material resources such as resin.

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Sumitomo Corp. to advance hydrogen technologies in the US

Consequently, the JH2F aims to support the decarbonization goals of the Federal, State; and Municipal governments in the US by identifying and developing hydrogen solutions. Tak Niki, Chief Business Development Officer at Sumitomo Corp. of Americas, said. “By drawing from our resources in Japan and the US, this multinational collaboration will accelerate the adoption of new technologies and solutions to help scale carbon-neutral energy on a nationwide level.”

He also remarked. “We are proud to be part of such a strong group of companies that are working toward the same goal of carbon neutrality within the United States. We also look forward to moving the needle toward achieving this important goal.”

Finally, in order to materialize the collaboration on the US side, JH2F will establish subcommittees in each sector, such as hydrogen production and supply, land transportation, port decarbonization, power generation and finance.

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