Hyzon Motors has partnered with ITOCHU to pursue decarbonisation opportunities within the mining sector with hydrogen set to play a pivotal role in achieving this.
Unveiled today (Nov 9), the memorandum of understanding (MoU) will see the companies jointly develop hydrogen supply chains strategies as well as model customer projects for the deployment of Hyzon fuel cell vehicles and fuel cell technology.
The collaboration will see the companies address the full hydrogen value chain to support the integration of hydrogen technologies into the mining sector with an initial focus on developing a strategy to approach this sector.
After showcasing the potential of using Hyzon’s fuel cell vehicles in this sector, the next course of action will be to implement model customer projects with a long-term business collaboration to be developed once the market approach has been optimised.
Craig Knight, CEO of Hyzon Motor, said, “Hyzon’s singular focus is decarbonising heavy mobility. “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 decarbonisation and transportation challenges, some of which we aim to address through this collaboration.”
Jun Inomata, Chief Operating Officer of Metals and Mineral Resources Division at ITOCHU, said, “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.
“Since Hyzon’s technology is available today, and their experience building hydrogen supply networks is growing daily, we believe them to be the ideal partner in pursuing this new market.”
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