Sumitomo Corporation · TSE:8053
Sumitomo — JP Morgan Global Hydrogen Week (May 2022)
20 slides from Sumitomo's conference presentation, May 24, 2022
Slide 1: The Road to Decarbonization
JP Morgan - Global Hydrogen Week The Road to Decarbonization Hydrogen Business Dept. Energy Innovation Initiative 24th May 2022 0 © 2022 Sumitomo Corporation
Slide 2: Contents
Contents Sumitomo Corporation’s 01 Hydrogen Business Timeline 2 02 Energy Innovation Initiative 3 03 Direction of Hydrogen Strategy 8 Sumitomo Corporation’s 04 Hydrogen/Ammonia Related Business 10 1 © 2022 Sumitomo Corporation
Slide 3: Sumitomo Corporation's Hydrogen Business Timeline
Sumitomo Corporation’s Hydrogen Business Timeline Sumitomo Corporation’s Hydrogen Business Timeline 2020 Hydrogen strategies of other countries Jun German National Hydrogen Strategy Jul EU Hydrogen Strategy Sept French Hydrogen Strategy Apr 2014 Dec 2015 China pledges to become Basic Paris Energy ca
Slide 4: Establishment of Energy Innovation Initiative (EII)
Energy Innovation Initiative Establishment of Energy Innovation Initiative (EII) New Business Organization = Energy Innovation Initiative (EII) has been established in order to create New Business to achieve Carbon Neutrality. Corporate Group Business Unit Carbon-Free Energy Development (large value
Slide 5: EII Organization Chart and Areas of Initiatives
Energy Innovation Initiative EII Organization Chart and Areas of Initiatives EII Management division and team priority area Carbon Free New power, energetic Energy Absorption of development and Expanding CO2 2 Business Description development Services Fixation and (Large Supply Origin (Local product
Slide 6: EII Internal and EII x Other Business Units
Energy Innovation Initiative EII Internal and EII x Other Business Units Conventional Type Activities Power generation and Industry Consumers Transportation heating New demand and New demand and synergies New Energy Management Business Creation synergies 1 Carbon Free Energy Development 2 New Power
Slide 7: EII's commitment to achieve Carbon Neutrality
Energy Innovation Initiative EII’s commitment to achieve Carbon Neutrality Our company Examples of Initiatives 1 Clean Power and Energy Management photovoltaic power Hydrogen and next- generation 2 generation biotechnology Next-generation Renewable Storage Battery Material energy energy Business 3 F
Slide 8: Clean Power × Energy Management Concept
Energy Innovation Initiative Clean Power × Energy Management Concept 1.4GW+ Renewable Energy Business Energy Storage Systems (ESS) Renewable Energy Development < Offshore and onshore < Centralized Solar Power > < Distributed Solar Power> Power Storage wind power > Promotion of Renewable Energy Devel
Slide 9: Direction of Hydrogen Strategy
Direction of Hydrogen Strategy Direction of Hydrogen Strategy Local production/consumption projects in Japan, Europe, Australia and other hydrogen- advanced countries/regions By 2025 Local production/consumption models utilizing Sumitomo Create Corporation’s multiple function strengths Horizon
Slide 10: Hydrogen Value Chain (Hypothetical)
Direction of Hydrogen Strategy Hydrogen Value Chain (Hypothetical) By 2025 By 2030 By 2040 Primary Energy Electric Energy Mobility markets launched Energy markets launched All the main applications but limited development of but limited development of commercialized except for Hydrogen grid energy m
Slide 11: Major Hydrogen Projects of Sumitomo Corporation
Sumitomo Corporation’s Hydrogen Related Business Major Hydrogen Projects of Sumitomo Corporation Aim to build an optimal hydrogen/ammonia supply chain in response to the different demands of each region and application, combined with “investments in new technologies that will lead to cost breakthrou
Slide 12: Reconstruction of Local Community Using Hydrogen Energy in Namie
Sumitomo Corporation’s Hydrogen Related Business Reconstruction of Local Community Using Hydrogen Energy in Namie Mission : Create new businesses that enrich people and society (Creating a system in which resolving societal challenges to be a viable business) Vision : “Namie-initiated energy shift t
Slide 13: Hydrogen Production in Australia (Gladstone H2 Ecosystem)
Sumitomo Corporation’s Hydrogen Related Business Hydrogen Production in Australia (Gladstone H2 Ecosystem) H2 Renewable-powered “green hydrogen” production and consumption in Queensland, Australia Phase1 2022〜23 Phase1ʻ 2023〜24 Produce hydrogen with abundant, low-cost solar power to help reduce
Slide 14: Hydrogen production in Sarawak State, Malaysia
Sumitomo Corporation’s Hydrogen Related Business Hydrogen production in Sarawak State, Malaysia Concluded MoU with Sarawak State government Agency, SEDC in Nov 2019 for Pre-Feasibility Study for Green H2 production. ENOES participated in MoU to study MCH as a carrier of Green H2 in Oct 2020. ★
Slide 15: Hydrogen Utilization Study Group in Chubu
Sumitomo Corporation’s Hydrogen Related Business Hydrogen Utilization Study Group in Chubu The Chubu Group was founded in March 2020 by 11 members => 18members as of May 2022. SC occupies consortium Leader position together with Toyota and SMBC. The vision is “To be the pioneer of large scale rece
Slide 16: Ammonia Bunkering Project in Singapore
Sumitomo Corporation’s Hydrogen Related Business Ammonia Bunkering Project in Singapore Sumitomo built up a consortium to prepare for a bunkering supply chain of ammonia at the biggest bunkering hub, Singapore. Ammonia is considered one of the most promising alternative marine fuels. Blue ammoni
Slide 17: Ammonia-Fueled Bulker Project
Sumitomo Corporation’s Hydrogen Related Business Ammonia-Fueled Bulker Project Together with Oshima Shipbuilding, we are developing “ammonia-fueled 81,000DWT type bulk carrier”, which can run on both conventional fuel and ammonia to be dedicated to the clients who are environmentally conscious. Spec
Slide 18: New Tech Investment
Sumitomo Corporation’s Hydrogen Related Business New Tech Investment For access to new innovative technology and for applying it to Sumitomo’s Hydrogen Project in order to make significant cost reductions for Hydrogen Production. UK based venture capital specialized in Hydrogen Sumitomo invested
Slide 19: Strategic Partnership with ITM Power in the U.K.
Sumitomo Corporation’s Hydrogen Related Business Strategic Partnership with ITM Power in the U.K. Alliance with the leading electrolyser manufacturer, which holds a key to cutting hydrogen production costs PEM electrolysers well-adapted to the fluctuating power output of renewable energy Conta
Slide 20: Hydrogen Service Platform of US-firm OneH2
Sumitomo Corporation’s Hydrogen Related Business Hydrogen Service Platform of US-firm OneH2 Equity participation in North Carolina-based firm OneH2 since 2021 On-site hydrogen production using compact gas reformers, a unique transportation system, and simple dispensers achieve a low-cost, highly