Mitsubishi Corporation

HERE Technologies appoints Denise Doyle as Chief Product Officer

Retrieved on: 
Thursday, June 6, 2024

Amsterdam, The Netherlands – HERE Technologies , the leading location data and technology platform, today announced the appointment of Denise Doyle as Chief Product Officer (CPO) effective immediately.

Key Points: 
  • Amsterdam, The Netherlands – HERE Technologies , the leading location data and technology platform, today announced the appointment of Denise Doyle as Chief Product Officer (CPO) effective immediately.
  • She has served in various senior executive positions at HERE, including Chief Data Officer, interim Co-Chief Executive Officer and interim Chief Financial Officer.
  • “On behalf of HERE, I am excited to have Denise, such a well-respected and veteran leader, be named as Chief Product Officer,” said Mike Nefkens, Chief Executive Officer at HERE.
  • Denise has the knowledge, expertise and customer experience needed to guide our industry-leading product portfolio into its next chapter.”
    “HERE is a remarkable location data and technology company, with a deep history of innovation, and I am truly honored to be appointed as Chief Product Officer,” said Doyle.

MC and Denka Sign J/V Agreement in Fullerene Business

Retrieved on: 
Wednesday, April 24, 2024

Under the terms of our agreement, Denka shall acquire from MC a 50% stake in Frontier Carbon Corporation (FCC), a company dedicated to the manufacturing and sales of fullerenes.

Key Points: 
  • Under the terms of our agreement, Denka shall acquire from MC a 50% stake in Frontier Carbon Corporation (FCC), a company dedicated to the manufacturing and sales of fullerenes.
  • Having acquired a substance(3) and other fullerene related patents, MC is committed to applying its multi-industry collective capabilities towards FCC's future growth and development.
  • Denka will play an equally important role in supporting the construction of business infrastructure by taking advantage of its manufacturing-facility and other utilities.
  • MC and Denka look forward to combining our respective expertise in sales and technology to promote the growth of fullerene applications.

Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA

Retrieved on: 
Tuesday, April 16, 2024

TOKYO, Apr 16, 2024 - (JCN Newswire) - Mitsubishi Corporation (hereinafter "MC") is pleased to announce its effort to advance Direct Air Capture (DAC) technologies, through participation in a project in Louisiana, USA.

Key Points: 
  • TOKYO, Apr 16, 2024 - (JCN Newswire) - Mitsubishi Corporation (hereinafter "MC") is pleased to announce its effort to advance Direct Air Capture (DAC) technologies, through participation in a project in Louisiana, USA.
  • Through the project, MC collaborates with multiple third-party DAC technology companies in order to identify innovative technologies anticipated to substantially lower costs, advancing the technology maturation through detailed evaluation and engineering works with the goal of facilitating the early commercialization of DAC.
  • This project will be in collaboration with Shell US Gas & Power (hereinafter "Shell"), who is leading the overall engineering and deployment as part of the project.
  • Hence, there is growing anticipation for the early adoption of DAC technology in society, driven by its potential for innovation and the opportunities to reduce costs through scaling up.

Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp

Retrieved on: 
Thursday, April 11, 2024

TOKYO, Apr 11, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that Nexamp, Inc. (Nexamp) has completed a capital raise of $520 million.

Key Points: 
  • TOKYO, Apr 11, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that Nexamp, Inc. (Nexamp) has completed a capital raise of $520 million.
  • This capital raise has been underwritten by lead investor Manulife Investment Management and Nexamp's existing shareholders including Generate Capital.
  • In 2018, Nexamp became MC's subsidiary, and we have committed both growth capital and human resources to enhance its project development and risk management functions.
  • Nexamp has end-to-end capabilities in community solar including project development and acquisition, design, construction, operations and asset management.

Mitsubishi Corporation: Sale of BMA Coal Assets in Queensland Completed

Retrieved on: 
Wednesday, April 3, 2024

TOKYO, Apr 3, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce the successful completion of the sale of the Blackwater and Daunia coal mines to Australia's Whitehaven Coal Ltd. (Whitehaven).

Key Points: 
  • TOKYO, Apr 3, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce the successful completion of the sale of the Blackwater and Daunia coal mines to Australia's Whitehaven Coal Ltd. (Whitehaven).
  • MC's 50% stake in each of these mining assets was acquired through its wholly owned subsidiary, Mitsubishi Development Pty Ltd. (MDP).
  • Following the completion of all required legal proceedings and sale conditions, the divestment of both mines by BMA to Whitehaven was officially concluded today.
  • BMA's high-grade metallurgical coal, when used in blast furnaces, yields lower greenhouse gas emissions compared to conventional metallurgical coal.

Mitsubishi Corporation and 7 large international companies join forces to sponsor the creation of a global e-NG coalition

Retrieved on: 
Tuesday, March 19, 2024

TOKYO, Mar 19, 2024 - (JCN Newswire) - Mitsubishi Corporation has entered into an MOU with other large international companies to sponsor the creation of a global coalition, the e-NG Coalition, which is exclusively dedicated to electric natural gas (e-NG or e-natural gas), also referred to as e-methane.

Key Points: 
  • TOKYO, Mar 19, 2024 - (JCN Newswire) - Mitsubishi Corporation has entered into an MOU with other large international companies to sponsor the creation of a global coalition, the e-NG Coalition, which is exclusively dedicated to electric natural gas (e-NG or e-natural gas), also referred to as e-methane.
  • The founding members of the e-NG Coalition include: Engie-Mitsubishi Corporation-Osaka Gas-Sempra Infrastructure-TES-Tokyo Gas-Toho Gas-TotalEnergies.
  • e-NG is a synthetic gas produced by the combination of renewable hydrogen and recycled CO2 through methanation.
  • With large industrial capabilities and investment potential, the founding members are committed to the development of e-NG projects globally.

Nissan and Mitsubishi Corporation agree to explore new business in next-generation-mobility and energy-related services utilizing EVs

Retrieved on: 
Monday, March 18, 2024

Nissan and MC have also been undertaking various initiatives to solve these challenges.

Key Points: 
  • Nissan and MC have also been undertaking various initiatives to solve these challenges.
  • Nissan's initiatives include mobility services in Namie Town, Fukushima Prefecture, and autonomous driving tests in the Yokohama Minato Mirai District to achieve free movement for more people.
  • Additionally, Nissan is developing energy management systems by utilizing EV battery storage and charging/discharging functions in combination with renewable energy.
  • Leveraging their respective expertise and knowledge, both companies aim to jointly commercialize next-generation mobility services and energy-related services utilizing EVs, starting in Japan.

Mitsubishi Corp to invest in TIER IV: Transforming regional mobility with autonomous driving

Retrieved on: 
Friday, March 15, 2024

Through this investment, the companies will cooperatively tackle efforts to transform mobility services in regional areas with autonomous driving technology.

Key Points: 
  • Through this investment, the companies will cooperatively tackle efforts to transform mobility services in regional areas with autonomous driving technology.
  • Recognizing autonomous driving as a pivotal solution, MC participated in a proof-of-concept test with an autonomous bus at Fukuoka Airport in 2022.
  • TIER IV is steering the development of safe and efficient autonomous driving systems, aiming to reimagine intelligent vehicles through the art of open source.
  • This investment solidifies the companies' commitment to advancing business initiatives in the realm of autonomous driving, with the shared goal of facilitating the widespread adoption of autonomous driving systems.

Mitsubishi Corporation, Mitsubishi Fuso Truck and Bus, and Mitsubishi Motors will jointly establish a new company to run an online platform providing comprehensive EV related services

Retrieved on: 
Wednesday, March 13, 2024

TOKYO, Mar 13, 2024 - (JCN Newswire) - Mitsubishi Corporation, Mitsubishi Fuso Truck and Bus Corporation and Mitsubishi Motors Corporation aim to jointly establish a new company "EVNION Inc." in June 2024 , to operate an online platform to provide one-stop services relating to electric vehicles (EV).

Key Points: 
  • TOKYO, Mar 13, 2024 - (JCN Newswire) - Mitsubishi Corporation, Mitsubishi Fuso Truck and Bus Corporation and Mitsubishi Motors Corporation aim to jointly establish a new company "EVNION Inc." in June 2024 , to operate an online platform to provide one-stop services relating to electric vehicles (EV).
  • Such establishment of EVNION will be subject to receipt of regulatory clearances from the relevant authorities.
  • EVNION will operate a unique online platform "EVNION PLACE" (hereafter: "the platform") that offers comprehensive EV-related services to customers in Japan, regardless of brand and whether it is a commercial vehicle or a passenger car.
  • With the keyword "to unite", the name of the company was decided: "EVNION: EV + Union"

Digital Realty Reports First Quarter 2024 Results

Retrieved on: 
Thursday, May 2, 2024

As previously disclosed, in the first quarter, Digital Realty successfully resolved its relationship with Cyxtera, with the closing of a series of transactions with Brookfield Infrastructure Partners L.P., Cyxtera Technologies and Digital Core REIT.

Key Points: 
  • As previously disclosed, in the first quarter, Digital Realty successfully resolved its relationship with Cyxtera, with the closing of a series of transactions with Brookfield Infrastructure Partners L.P., Cyxtera Technologies and Digital Core REIT.
  • Digital Realty received $277 million for its interest in four data centers and redeployed $55 million to buy out Cyxtera's leases in Digital Realty's Frankfurt and Singapore data centers.
  • Digital Realty also exercised its option to purchase a data center outside of London, UK, which is expected to close in the second quarter.
  • Digital Realty maintained its 2024 Core FFO per share and Constant-Currency Core FFO per share outlook of $6.60 - $6.75.