Hyzon Motors and ITOCHU to Collaborate on Hydrogen Opportunities in the Mining Sector
Hyzon Motors has partnered with ITOCHU corporation to pursue commercial hydrogen opportunities in the global mining sector.
Under a memorandum of understanding, the companies will jointly develop hydrogen supply chain strategies as well as model customer projects for the deployment of Hyzon fuel cell vehicles and fuel cell technology for mining purposes.
The collaboration ties ITOCHU’s long-standing relationships with mining companies to Hyzon’s extensive experience with hydrogen solutions.
“Hyzon’s singular focus is decarbonizing heavy mobility,” said Hyzon CEO Craig Knight.
“This requires alignment along all positions of the hydrogen value chain – from production to distribution to offtake.
“ITOCHU’s strong reputation and relationships within the international mining industry will provide significant access and insight to understand the industry’s decarbonization and transportation challenges, some of which we aim to address through this collaboration.”
The companies will pursue opportunities in several fields including steelmaking, metal smelting, and refining.
“ITOCHU has been actively seeking and developing new business models and strategies which will decarbonise essential mining and processing activities to support global economic activity,” said Jun Inomata, Chief Operating Officer of Metal and Mineral Resources Division.
“Since Hyzon’s technology is available today, and their expertise building hydrogen supply networks is growing daily, we believe them to be the ideal partner in pursuing this new market.
20 November 2021