TotalEnergies SE has joined the Japan Hydrogen Fund as an investor to develop the low-carbon hydrogen value chain.
Launched by the Japan Hydrogen Association, the fund is being managed by Japanese private equity firm Advantage Partners.
The fund is launching with $400 million invested from Japanese contributors, including Toyota Motor Corp., Iwatani Corp., Sumitomo Mitsui Banking Corp., MUFG Bank, Tokyo Century Corp., Japan Green Investment Corp. for Carbon Neutrality and the Bank of Fukuoka.
TotalEnergies is the only non-Japanese investor at the fund’s stage.
“We are convinced that only a collective effort will enable low-carbon hydrogen solutions to emerge on an industrial scale,” said Helle Kristoffersen, TotalEnergies’ president of Asia and executive committee member. “This initiative aligns with our ambition to be a global player in the energy transition and will also allow us to leverage the dynamism of the hydrogen ecosystem in the Japanese industry.”
Recommended Reading
Viper Energy Offers 10MM Shares to Help Pay for Permian Basin Acquisition
2024-09-12 - Viper Energy Inc., a Diamondback Energy subsidiary, will use anticipated proceeds of up to $476 million to help fund a $1.1 billion Midland Basin deal.
Kosmos to Repay Debt with $500MM Senior Notes Offer
2024-09-11 - Kosmos Energy’s offering will be used to fund a portion of its 7.125% senior notes due 2026, 7.750% senior notes due 2027 and 7.500% senior notes due 2028.
ONEOK Offers $7B in Notes to Fund EnLink, Medallion Midstream Deals
2024-09-11 - ONEOK intends to use the proceeds to fund its previously announced acquisition of Global Infrastructure Partners’ interest in midstream companies EnLink and Medallion.
Gulfport Releases Results on Senior Notes Offer Due 2026
2024-09-10 - As of the close of business on Sept. 9, the offer’s expiration date, Gulfport received tenders for an aggregate principal amount of approximately $524 million of the notes.
Cibolo Energy Closes Fund Aimed at Upstream, Midstream Growth
2024-09-10 - Cibolo Energy Management LLC closed its second fund, Cibolo Energy Partners II LP, meant to boost middle market upstream and midstream companies’ growth with development capital.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.