OSAKA -- Japanese gas company Iwatani will withdraw from a green hydrogen project in Queensland, Australia, following the exit of other Japanese companies and the state government amid growing global headwinds against decarbonization.
Energy
Japan's Iwatani exits Australia green hydrogen project
Move follows local government's decision to halt investments, leaving massive costs
The Queensland project was set to produce 70,000 tonnes of green hydrogen per year by around 2028. (Image obtained by Nikkei)
Read Next
Latest on Energy
