MHI

Mitsubishi Heavy Industries Increases Dividends on Back of Historically High FY2023 Results, Releases FY2024 Guidance

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Mercoledì, Maggio 8, 2024
P&I, Investment, MHI, ROE, Risk, Uncertainty, Yoy, Business, Aviation, Commercial aviation, ADS, Steam, Nuclear power, Business plan, Standard time, HVAC, Defense, Renewable energy

- Announced JPY70/share YoY increase in dividends to JPY200/share enabled by higher net income.

Key Points: 
  • - Announced JPY70/share YoY increase in dividends to JPY200/share enabled by higher net income.
  • - Released FY2024 guidance aiming for JPY4.9 trillion in revenue and 7% business profit margin.
  • TOKYO, May 8, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (TSE Code: 7011) announced that order intake rose 48.5% year-over-year to JPY6,684.0 billion in the fiscal year ended March 31, 2024.
  • GTCC executed contracts for 17 large frame gas turbine units during FY2023, a YoY increase of 1 unit.

MHI Agrees to Collaborate with Chiyoda Corporation for Licensing of CO2 Capture Technologies

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Martedì, Maggio 7, 2024
Ecosystem, MHI, Chiyoda Corporation, Energy transition, Partnership, Carbon, Plant, CCUS, Engineering, Engineering, procurement, and construction, CO2, GLA, Kansai Electric Power Company, EPC

- The two companies will leverage their strengths to meet decarbonization needs in a wide range of industries for CO2 capture projects in Japan.

Key Points: 
  • - The two companies will leverage their strengths to meet decarbonization needs in a wide range of industries for CO2 capture projects in Japan.
  • - This strategic partnership with Chiyoda Corporation will allow MHI to lead the development of Japan's CCUS market.
  • TOKYO, May 7, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has concluded a General License Agreement (GLA) with Chiyoda Corporation (Chiyoda).
  • Through this collaboration, MHI aims to enhance its Engineering, Procurement and Construction (EPC) capabilities to develop CO2 capture projects in Japan, where demand for carbon dioxide capture, utilization and storage (CCUS) is expected to increase.

MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park

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Giovedì, Aprile 25, 2024
Carbon, Hydrogen, Fellow, NEDO, Energy, SOEC, MHI, Energy transition, Electricity, Research, Senior, JAC, GTCC, College of Engineering (KNUST), AEM, New energy, Coal

The system was installed at the Takasago Hydrogen Park, and started operation.

Key Points: 
  • The system was installed at the Takasago Hydrogen Park, and started operation.
  • The SOEC test module comprises a module with multiple cartridges of 500 cell stacks bundled together.
  • Takasago Hydrogen Park is the world's first facility with the capability for integrated verification of hydrogen technologies, from production to power generation.
  • Going forward, in the hydrogen production area of Takasago Hydrogen Park, MHI plans to proceed with demonstrations aimed at the commercialization of hydrogen production equipment with different characteristics, such as anion exchange membrane (AEM) water electrolysis and methane pyrolysis.

Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date

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Mercoledì, Aprile 24, 2024
Mitsubishi Heavy Industries, Power, MHI, AOH, Electricity, SPC, Plant, Mitsui, JAC, GTCC, Unit, IPP, COVID-19, Renewable energy

The plant is a joint venture between Gulf Energy Development PCL, Thailand's largest independent power producer (IPP), and Mitsui & Co., Ltd..

Key Points: 
  • The plant is a joint venture between Gulf Energy Development PCL, Thailand's largest independent power producer (IPP), and Mitsui & Co., Ltd..
  • The power plant in Rayong Province, located approximately 130 km southeast of Bangkok, is operated by Gulf PD Company Limited.
  • The overall project consists of two GTCC power plants, each comprising four gas turbine units, steam turbines, heat recovery steam generators, and generators.
  • The Gulf Sriracha Power Plant also earned the distinguished "Power Plant of the Year" title at the Power and Energy Awards at Enlit Asia 2023 in December.

Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas

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Giovedì, Aprile 18, 2024
Carbon neutrality, MHI, Water purification, Ammonia, Hydrogen, Energy transition, CCUS, Utilization, Nitrogen, NGK, Industrial gas

- The project will develop a system that purifies hydrogen from hydrogen-nitrogen gas mixture using membrane separation after ammonia cracking.

Key Points: 
  • - The project will develop a system that purifies hydrogen from hydrogen-nitrogen gas mixture using membrane separation after ammonia cracking.
  • TOKYO, Apr 18, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) and NGK INSULATORS, LTD. (NGK) will jointly develop a hydrogen purification system that uses membrane separation to purify from hydrogen-nitrogen mixture gas after ammonia cracking.
  • The companies expect the technology to contribute to the establishment of a hydrogen and ammonia supply chain enabling high-volume transport.
  • This joint project aims to build an optimal system for purifying hydrogen using membrane separation from the mixed gas of hydrogen and nitrogen after ammonia cracking.

Heidelberg Materials North America Announces Latest Milestone in Edmonton CCUS Project

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Venerdì, Aprile 12, 2024
Carbon, Mitsubishi Heavy Industries, MHI, Front-end loading, CCUS, Public policy, CO2, FEED, ULC, Kansai Electric Power Company, Oil

- Heidelberg Materials North America announces a new Front End Engineering Design (FEED) contract as it continues working to select the carbon capture technology and contractor for providing the CO2 separation solution for its Edmonton, Alberta, Carbon Capture, Utilization, and Storage (CCUS) Project.

Key Points: 
  • - Heidelberg Materials North America announces a new Front End Engineering Design (FEED) contract as it continues working to select the carbon capture technology and contractor for providing the CO2 separation solution for its Edmonton, Alberta, Carbon Capture, Utilization, and Storage (CCUS) Project.
  • Texas, Apr 12, 2024 - (JCN Newswire) - Heidelberg Materials North America announced today the latest step in its two-stage competitive procurement process as it works to select the carbon capture technology and contractor for providing the CO2 separation solution for its Edmonton, Alberta, Carbon Capture, Utilization, and Storage (CCUS) Project.
  • "We are pleased with this latest step in advancing our Edmonton project and moving even closer to our goal of delivering the first full-scale application of CCUS in the cement sector," said Joerg Nixdorf, Vice President Cement Operations, Northwest Region for Heidelberg Materials North America.
  • Heidelberg Materials North America will be commissioning the world's first full-scale net-zero cement plant at its Edmonton location by adding CCUS technology to an already state-of-the-art facility.

MHIAEL Completes Expansion of the its Nagasaki Plant for Manufacture of Aero Engine Combustors

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Giovedì, Aprile 11, 2024
Internet, Mitsubishi Heavy Industries, MHI, Airbus, Internet of things, Airbus A320neo family, Artificial intelligence, Automation, MRO, COVID-19

In addition, the introduction of Japan's first thermal barrier coating equipment for mass production of aero engine parts will strengthen production capabilities, differentiate manufacturing technologies and enhance cost competitiveness.

Key Points: 
  • In addition, the introduction of Japan's first thermal barrier coating equipment for mass production of aero engine parts will strengthen production capabilities, differentiate manufacturing technologies and enhance cost competitiveness.
  • The existing production plant manufactures combustors for the PW1100G-JM engines that power the Airbus A320neo family.
  • The MHIAEL Nagasaki Plant is a factory specialized in manufacturing combustors, which is one of core components of an aero engine, and the first full-fledged aircraft component factory in the Kyushu region.
  • The plant has production lines able to handle fully integrated operations, from receipt of materials to machining and assembly.

Mitsubishi Shipbuilding Acquires Approval in Principle (AiP) from Classification Society ClassNK for Ammonia Fuel Supply System (AFSS)

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Giovedì, Aprile 11, 2024
Ship, Mitsubishi Heavy Industries, MOU, MHI, Safety, Nippon Kaiji Kyokai, Conference, Tokyo Big Sight, AGAS, International Maritime Organization, Engineering, Classification, AIP, Ammonia, GHG, AFSS

The AiP presentation ceremony took place today at "Sea Japan 2024" International Maritime Exhibition and Conference at Tokyo Big Sight.

Key Points: 
  • The AiP presentation ceremony took place today at "Sea Japan 2024" International Maritime Exhibition and Conference at Tokyo Big Sight.
  • The AiP was acquired together with approval of a new ammonia gas abatement system (AGAS), and now technical studies will go forward with WinGD toward commercialization.
  • Going forward, Mitsubishi Shipbuilding will continue to develop marine ammonia handling systems, including fuel supply systems for ammonia combustion systems for the X-DF-A and other engines, as well as various ammonia gas abatement system systems.
  • (2) For more information on the MOU signed by Mitsubishi Shipbuilding and WinGD, see the following press release.

Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine

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Mercoledì, Aprile 10, 2024
Mitsubishi Heavy Industries, MHI, AGAS, History, International Maritime Organization, Ammonia, GHG, AFSS, Industrial gas

-- Delivery Scheduled in 2025, Together with Ammonia Gas Abatement System --

Key Points: 
  • -- Delivery Scheduled in 2025, Together with Ammonia Gas Abatement System --
    - Adoption aims to promote use of ammonia fuel, toward achieving net zero GHG emissions by the global maritime industry by or around 2050
    TOKYO, Apr 10, 2024 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has received an order from Japan Engine Corporation (J-ENG) for an ammonia fuel supply system (AFSS) and ammonia gas abatement system (AGAS).
  • The AFSS will supply ammonia fuel to ammonia-powered marine engines developed by J-ENG, and the AGAS will safely treat any surplus ammonia.
  • The newly ordered AFSS and AGAS are remotely controlled automatically by an integrated control system.
  • Because ammonia emits no CO2 when combusted, adoption of ammonia fuel is expected to contribute to the development of decarbonized infrastructure in the maritime industry.

Mitsubishi Power Receives Order from HK Electric for Natural-gas-fired GTCC Power Generation Equipment

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Martedì, Aprile 9, 2024
Mitsubishi Heavy Industries, MHI, Mitsubishi Group, Policy, Electricity, Lamma Power Station, SCR, Mitsubishi Electric, Carbon, Hongkong Electric Company, GTCC, Economic development, LTD, Renewable energy

- Latest order follows earlier orders for Units 10, 11 and 12

Key Points: 
  • - Latest order follows earlier orders for Units 10, 11 and 12
    TOKYO, Apr 9, 2024 - (JCN Newswire) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI) received an order for natural-gas-fired gas turbine combined cycle (GTCC) power generation system equipment for Lamma Power Station's Unit 13 to be built in Hong Kong by The Hongkong Electric Co., Ltd. (HK Electric).
  • The GTCC power generation equipment delivered to the Lamma Power Station will be a consecutive order following previous orders for Units 10, 11 and 12 from July 2015.
  • Among the main equipment of the newly ordered GTCC power generation system, Mitsubishi Power will manufacture and supply its M701F gas turbine, a steam turbine, a heat recovery steam generator, and a Selective Catalytic Reduction System (SCR).
  • Mitsubishi Power has had business relations with HK Electric for many years, having delivered numerous power generation system core components -- including gas turbines, steam turbines and boilers -- for the Lamma Power Station.