Japan’s Eneos invests in US firm MVCE Gulf Coast


January 12, 2024

Japanese oil giant Eneos has made an equity investment in US green hydrogen producer MVCE Gulf Coast to help it establish green fuel exports between the US and Japan.

MVCE was set up by Azimuth Capital Management and is exploring the feasibility of building green hydrogen and ammonia production facilities in the Gulf of Mexico. Eneos said its equity backing would support this work and enable the partners to explore the potential to export US-produced green fuels to Japan.

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