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Mitsubishi Heavy aims for low-carbon shift after profit rebound

Flat sales point to difficult transition for Japanese industrial conglomerate

Mitsubishi Heavy Industries aims to make carbon-capture technologies and zero-carbon fuels important new sources of revenue within a decade. (Source photos by Reuters and EPA/Jiji) 

TOKYO -- Mitsubishi Heavy Industries returned to profit in the six months through September despite sluggish sales, as the company works to transform itself into a leader in decarbonation technology.

The Japanese industrial conglomerate aims to return to its pre-COVID level sales by fiscal 2023, while making technologies such as carbon capture, utilization and storage (CCUS), and hydrogen and ammonia combustion new drivers of revenue within a decade.

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