Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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When they sail they all sail together -
"Last October, the Japan Hydrogen Association was established by Mitsui & Co, Iwatani, Kawasaki Heavy Industries, Japanese oil and energy company ENEOS, Kobe Steel, Sumitomo Mitsui Financial Group, Kansai Electric Power and Toshiba.
It aims to form international alliances and develop global hydrogen supply chains. In December, those companies were joined by Toyota and shipping company K Line.
In addition, K Line, Iwatani, Kansai Electric Power, Namura Shipbuilding, the Development Bank of Japan and the Tokyo University of Marine Science and Technology have formed a group to promote hydrogen fuel cell-powered ships."
https://asiatimes.com/2021/03/japan-inc-driving-towards-a-hydrogen-energy-future/
It's very interesting to see so many different companies join forces to achieve the same goal, what a green energy revolution looks like in Japan!
GLA
Another company in that original 11 consortium with links to the wider Japanese industry. They're also known to have made previous full acquisitions for growth -
"JX Nippon Mining & Metals is a company in the field of nonferrous metals and a core member of the JXTG Group, which aims to become one of Asia’s leading energy, resources, and materials business groups."
"Our mission is to provide to society stable supplies of materials, including copper, rare metals,
precious metals,"
"To open up one more growth strategy option, in July 2018 we acquired all shares in the German company H.C. Starck Tantalum and Niobium GmbH, jointly with the Japan Bank for International Cooperation."
https://www.nmm.jx-group.co.jp/english/sustainabilityreport/pdf/report2018_e_full.pdf
That company in particular is also known to work with Toshiba -
"Kawasaki, Japan — Toshiba Energy Systems & Solutions Corporation (hereinafter “Toshiba ESS”) and Toshiba Plant Systems & Services Corporation (hereinafter “TPSC”) today announced that a consortium of the companies has won an EPC*1 contract that includes civil engineering for replacement work for the Goi Thermal Power Station from Goi United Generation LLC. (hereinafter “GIUG”), which is jointly funded by JERA Co., Inc. and JXTG Nippon Oil & Energy Corporation"
https://www.toshiba-energy.com/en/info/info2019_070
GLA
No problem Mjd, it's quite the rabbit warren tbh, i dug around all weekend after the RNS at the time and posted quite a lot of stuff about it. Everything linked back to companies in that original 11 part consortium. Japan as a whole is moving in a very organised and strategic manner with it all, the more you dig around the more evident it all becomes.
I believe that if they have indeed moved to secure Eurasia's PGM deposits, money will be no object to them.
GLA
I hadn’t picked up on that, thanks Mac. Certainly puts into perspective why we have our office in Japan.
You'll remember Air Liquide from my original consortium posts -
"The 11 partners in the venture are Air Liquide Japan, Toyota Motor Corporation, Nissan Motor, Honda Motor, JXTG Nippon Oil & Energy Corporation, Idemitsu Kosan, Iwatani Corporation, Tokyo Gas, Toho Gas, Toyota Tsusho Corporation and Development Bank of Japan."
https://www.h2-view.com/story/who-is-japan-h2-mobility/#:~:text=Japan%20H2%20Mobility%20(JHyM)%20created,and%20continued%20sustainable%20societal%20development.
GLA
"Itochu plans to build one of the world’s largest liquid hydrogen plants in Japan with Air Liquide to supply fuel cell vehicles. Air Liquide already operates hydrogen fueling stations in Japan."
https://asiatimes.com/2021/03/japan-inc-driving-towards-a-hydrogen-energy-future/
That original 11 part Japanese consortium also left the door open for any other companies to join it. There's a very strong chance that they're all working together by now in some capacity or another.
GLA
They're all heading to clean energy -
"February 15, 2019 (IEEFA Japan) – ITOCHU of Japan has announced it is exiting from developing new coal-fired power plants as well as thermal coal mines to address the impact of climate change,"
https://ieefa.org/japans-itochu-corp-announces-coal-exit/
"In 2015, CITIC Group sold 10% stake of CITIC Limited to a joint-venture of Itochu and Charoen Pokphand for HK$34.4 billion (US$4.54 billion); the joint venture also subscribed new convertible preferred shares for HK$45.9 billion (or US$5.9 billion).[15] It was reported it was the largest investment ever made by a Japanese general trading company.[16] The transaction is also the largest acquisition in China by a Japanese company, and the largest investment by foreigners in a Chinese state-owned enterprise."
https://en.wikipedia.org/wiki/CITIC_Group
GLA
Itochu own 10% of Citic, i'll dig out my previous post about it Mjd.
GLA
Apologies if this has been discussed but this project could be interesting in Norway to build a large battery cell plant.
https://www.freyrbattery.com/about/progress
Has some partnership links to ITOCHU who are “ranked 72nd on the 2020 list of Fortune Global 500 companies, with an annual trading revenue of US$100 billion.”
https://www.itochu.co.jp/en/news/press/2018/181217.html
I’m not saying either Freyr (too early) or ITOCHU are linked to the FSP but shows the developments in battery tech and the project in Norway, while early stage shows a strong list of offtake customers for the battery cells. In terms of Freyr, could be one to research for life after EUA.