Japan's Mitsubishi eyes massive 'green' hydrogen plant in Netherlands

Trading house to invest $700m-plus, developing know-how for mass production

20240109N Mitsubishi wind turbines

A wind farm operated by the Dutch joint venture will generate electricity to produce the hydrogen. (Mitsubishi Corp.)

TOMOYA ONISHI, Nikkei staff writer

TOKYO -- Japanese trading house Mitsubishi Corp. looks to invest over 100 billion yen ($690 million) to build one of the world's largest "green" hydrogen production plants in the Netherlands.

Green hydrogen is produced by electrolysis of water using electricity derived from renewable energy, meaning carbon dioxide is not emitted during the process. It carries great potential as a next-generation, carbon-free fuel source.

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