Toyota, Mitsubishi, and Eneos invest A$14m in Australia’s Gold Hydrogen
A Japanese consortium including Toyota Motor Corporation Hydrogen Factory, Mitsubishi Gas Chemical and Eneos Xplora will invest over AUD $14m ($9.5m) into natural hydrogen company, Gold Hydrogen.
The three companies have agreed to buy a 22% share of the hydrogen and helium extractor. The $14.5m was raised through a placement of more than 20.7 million shares at 0.70% each.
Toyota and Mitsubishi each invested AUD $5m ($3.3m), while Eneos has backed Gold Hydrogen with AUD $4.5m ($2.9m).
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