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Under this MoU, Shell and Kansai will explore and cooperate on business opportunities in liquid hydrogen (LH₂) supply chains in order to promote decarbonisation of the businesses.

The scope of collaboration between Shell and Kansai includes:

• Production of decarbonised hydrogen by both companies;
• Deployment of hydrogen liquefaction, storage and shipping technology by Shell; and
• Receiving and use of the hydrogen at thermal power plants by Kansai.

“We are proud to have been a part of Japan’s energy progress for over 50 years. Deep collaboration with our customers is at the core of Shell’s Powering Progress strategy,” said Paul Bogers, Vice President Hydrogen at Shell. “It is important to collaborate with a wide range of stakeholders and foster a whole systems approach to realise the full potential of hydrogen. With this MoU, I am pleased that Shell continues to contribute to the decarbonisation of Japan’s energy system by working with leading companies like Kansai to explore liquified hydrogen value chains.”

“Hydrogen is an essential energy source to realize a zero-carbon society,” said Satoshi Kuwano, Executive Officer, Hydrogen Business Strategy Division in Kansai. “Kansai as a leading company of zero-carbon energy, is proactively studying ways to create a hydrogen-based society, and I believe that this collaboration with Shell will stimulate our efforts to establish hydrogen supply chains to Japan.”

Shell’s target is to become a net-zero emissions energy business by 2050. To achieve its goal, Shell provides more low-carbon products and develops decarbonisation technologies globally. Shell Japan, as a member of the CO₂-free Hydrogen Energy Supply-chain Technology Research Association (HySTRA), operates the world’s first LH₂ carrier “Suiso Frontier” and is involved in the safe transportation of LH₂, using its knowledge and expertise as a pioneer in the LNG industry.

Some of Shell’s other activities to realise the hydrogen economy include:

• July 2022 – Renewable Liquid Hydrogen Supply Chain between Portugal and the Netherlands on the Horizon
• July 2022 – Shell to Start building Europe’s largest (200MW) renewable hydrogen plant
• July 2021 – Shell starts up Europe’s largest (10MW) PEM green hydrogen electrolyser

_{* The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, “Shell”, is used for convenience where references are made to Shell plc and its subsidiaries in general.}