Mitsui backs green hydrogen refuelling network for heavy vehicles in New Zealand
Mitsui & Co. has become a strategic investor in Hiringa Refuelling, which plans to build four fuel stations within 2022 located in logistic hubs in major cities.
Mitsui & Co. has become a strategic investor in Hiringa Refuelling New Zealand Limited (HRNZ) to develop a network of green hydrogen refuelling stations for fuel cell powered heavy vehicles in New Zealand.
HRNZ plans to build four fuel stations within 2022, located in logistics hubs in major cities targeting the country's commercial and heavy transport market, according to a company’s press release.
Companies aim to create a sustainable 'local production for local consumption' green hydrogen business, says Koji Nagatomi, Chief Operating Officer of Mitsui's Asia Pacific Business Unit & CEO of Mitsui & Co. (Asia Pacific).
This latest investment builds on Mitsui's existing investment in HRNZ's parent company, Hiringa Energy Limited, and a wider Strategic Alliance Agreement to jointly develop multiple green hydrogen-related commercial projects in New Zealand.
Mitsui has also agreed to invest additional capital into HRNZ upon the achievement of key project milestones.
