Tag: Heavy

Mitsubishi Heavy Industries, Ltd. (MHI) and NGK INSULATORS, LTD. (NGK) will jointly develop a hydrogen purification system that uses membrane separation to purify from hydrogen-nitrogen mixture gas after ammonia cracking. The companies expect the technology to contribute to the establishment of a hydrogen and ammonia supply chain enabling high-volume transport. Flow Diagram of Hydrogen Purification System from Ammonia Cracking Gas This joint project aims to build an optimal system for purifying hydrogen using membrane separation from the mixed gas of hydrogen and nitrogen after ammonia cracking. MHI will contribute its significant global expertise delivering ammonia plants and other chemical plants, ... Read more

Mitsubishi Heavy Industries, Ltd. (MHI) announced that it has invested in Fervo Energy (Fervo), an innovative enhanced geothermal technology startup company headquartered in Houston, Texas. The investment has been executed through Mitsubishi Heavy Industries America, Inc. (MHIA), which joins a consortium of investors, including Devon Energy Corporation (Devon), Marunouchi Innovation Partners (MIP) and others. “Cape Station”, a next-generation geothermal energy project under drilling in Utah Fervo has adapted innovations pioneered by the oil and gas industry, such as horizontal drilling and distributed fiber optic sensing, to make reservoirs of hot rock that exist beneath the earth’s surface into practical, economically ... Read more

Mitsubishi Heavy Industries, Ltd. (MHI) and NIPPON SHOKUBAI CO., LTD. (Nippon Shokubai) have reached an agreement on joint development of an ammonia cracking system, expecting establishment of a hydrogen and ammonia supply chain that enables high-volume transport. Ammonia is garnering attention today as a hydrogen carrier that enables safe transport and storage of hydrogen, a fuel that emits no CO2 when combusted, in large volumes over great distances. Plans to establish supply chains are underway worldwide, notably in Europe, while in Japan a “Fuel Ammonia Supply Chain Establishment” project is in progress. This market is expected to grow in the ... Read more

Mitsubishi Heavy Industries (TSE Code: 7011) announced that order intake rose 75.1% year-over-year to YEN1,606.8 billion in the quarter ended June 30, 2023. Revenue rose 12.9% to YEN983.9 billion year-over-year, resulting in profit from business activities (business profit) of YEN51.9 billion, a 248.1% increase from the previous fiscal year, which represents a profit margin of 5.3%. Profit attributable to owners of parent (net income) was YEN53.1 billion, an increase of 177.1% year-over-year, with a profit margin of 5.4%. EBITDA was YEN85.1 billion, an 80.3% increase from Q1 FY2022, with an EBITDA margin of 8.7%, up 3.3 percentage points year-over-year.Large orders ... Read more

Mitsubishi Heavy Industries Power IDS Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has received an order for a renovation project to enhance the output of steam turbine generators at the Renwu Refuse Incineration Plant, a waste incineration facility in Kaohsiung, Taiwan. The renovation contract was concluded with Onyx Ta-Ho Environmental Services Co., Ltd. (Taipei), a major waste disposal company that handles operations and maintenance (O&M) for the facility. The Renwu Refuse Incineration Plant is located in the Renwu District of Kaohsiung City, northeast of the city center. The initial 21-year contract period, begun when responsibility for O&M ... Read more