MHI Global

･ MHI decided to issue the second series of transition bonds for 2 consecutive years to promote the company’s energy transition initiatives ･ MHI, as a leading company in the decarbonization field with an extensive track record and ongoing development of advanced technologies, is accelerating the promotion of projects that contribute to carbon neutrality of Japan and the world Tokyo, July 28, 2023 – Mitsubishi Heavy Industries, Ltd. (MHI) submitted a revised shelf registration statement to the Director-General of the Kanto Local Finance Bureau today in preparation for its planned issuance of transition bonds via public offering in the Japanese bond market. MHI was selected as a model example for the “2021 Climate Transition Finance Model Projects” being supported by the Ministry of Economy, Trade and Industry (METI) in March 2022, and issued its first transition bonds in September 2022. This will be our second issuance of transition bonds The…

Port of Newcastle and Mitsubishi Heavy Industries, Ltd. has unveiled, during a visit by Mr Chris Bowen, Minister for Climate Change and Energy, to the Port today, an MOU setting out a pathway towards the enablement of a world-class clean energy economy in the Hunter Region through the Port’s Clean Energy Precinct, which secured a $100-million Commonwealth funding grant in the 2022 Federal Budget. Port of Newcastle CEO Craig Carmody said the once in a generation project was the centrepiece of the Port’s future diversification strategy. “Our dedicated 220-hectare Clean Energy Precinct will offer the perfect platform for large scale clean energy production, which will be supported by common user, open access, shared infrastructure across clean energy storage, transport and export facilities servicing production from the Precinct itself and from right across the Hunter Region,” he said. Dr. Hitoshi Kaguchi, Senior Executive Vice President at MHI said: “We are delighted…

Japan announced the launch of a hydrogen supply chain with Australia as the two countries and Southeast Asian nations gathered for their first ministerial meeting on the reduction of carbon emissions in the fast-growing region. In a video message for the meeting on the Asia Zero Emission Community framework, an initiative proposed by Japan, Prime Minister Fumio Kishida said he would like to expand hydrogen supply chain networks throughout the region by cooperating further with Asian nations. “In Asia, we should hold as many energy options as possible, and hydrogen and ammonia are options,” he said, underscoring hydrogen could be a valuable source of energy in making clean energy transitions, especially in a region prone to natural disasters. In a joint statement issued after the one-day meeting in Tokyo, a total of 11 nations joining AZEC said they “recognize that accelerating the energy transition in the Asian region is key to achieve…

MHI Group Issues Declaration on Biodiversity — Declaration Identifies Initiatives for Conserving and Restoring Biodiversity and Natural Capital, to Realize a World that Lives in Harmony with Nature — Tokyo, April 21, 2023 – Mitsubishi Heavy Industries, Ltd. (MHI) has newly issued the “MHI Group’s Declaration on Biodiversity” defining initiatives to be undertaken by MHI Group to conserve and restore biodiversity(Note1) and natural capital(Note2) in a quest to realize the vision of a world that lives in harmony with nature. Today, rapid loss of biodiversity and natural capital is recognized internationally. The Kunming-Montreal Global Biodiversity Framework adopted at the 15th meeting of the Conference of the Parties to the UN Convention on Biological Diversity (COP-15) in December 2022 called for nature-positive initiatives to halt and reverse biodiversity loss to put nature on a path to recovery as its mission for 2030, and to achieve a world that lives in harmony…

MHI-AC&R Receives Excellence Award of JARAC’s 40th Excellent Energy Saving Equipment Awards — Award Presented for Energy Saving Reaped by Existing DBS Refrigeration Unit Through Use of Brine Inverter Centrifugal Chiller — ・ Adoption of ETI-ZE25 as heat source results in energy saving equivalent to approximately 43.8kL of crude oil and CO2 emissions reduction by some 79.8 tons ・ MHI-AC&R has received a third consecutive accolade, following JARAC Excellence Award in 2021 and ECCJ Highest Excellence Award in 2022 Tokyo, April 18, 2023 – Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation (MHI-AC&R), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has received an Excellence Award in the Refurbishment Equipment category of the 40th Excellent Energy Saving Equipment Awards of the Japan Association of Refrigeration and Air-Conditioning Contractors (JARAC) for its advancement of energy saving in existing DBS refrigeration units(Note1) through use of a high-efficiency brine inverter centrifugal chiller. High accolades…

MHI Thermal Systems Develops Electric-Driven Transport Refrigeration Units with Heat-Pump Heating System for Domestic EV Trucks. Units Can Operate on Vehicle’s Power Supply Alone, with High-Efficiency Operation Reducing Carbon Emissions and Saving Energy. ･ Heat-pump system enables simultaneous heating and cooling operations; multi-system answers need for simultaneous transport of products requiring multiple temperatures ･ With their ability to combine with diverse power supplies, the new units are targeted at EV trucks under development by domestic automakers Tokyo, March 30, 2023 – Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has developed a new electric-driven transport refrigeration unit exclusively for electric vehicles (EVs), the TEJ35AM, which is equipped with a heat-pump heating function. Sales of the new unit will be launched for use in production model EV trucks made by domestic automakers. In contrast to conventional systems in which the transport refrigeration…

Ships are one of mankind’s earliest but still most important technologies. They have facilitated the pursuit of global trade, knowledge and exploration for millennia. Shipyards share that rich history, too, not least the Nagasaki Shipyard and Machinery Works in Japan, parts of which have now achieved UNESCO World Heritage status as being sites of Japan’s Meiji industrial revolution. Nagasaki Shipyard was the location of Mitsubishi Heavy Industries (MHI) Group’s first business, but it has since evolved. Today, as well as continuing the long tradition of shipbuilding, it has also become a hub for producing components for aircraft jet engines. So what is the story of Nagasaki Shipyard and how did a 19th century hub of maritime industry start a leading aviation business?   The shipyard’s roots The origin of the Nagasaki Shipyard starts — perhaps rather uniquely for a shipyard — when Japan was in a state of isolation from most countries. After a…

Mitsubishi Heavy Industries, Ltd. (MHI) has been selected again this year for inclusion in the Asia Pacific Index of the Dow Jones Sustainability Index (DJSI), one of the world’s leading investment indices for ESG (environmental, social and governance) performance. The Company scored an overall ranking in the 98th percentile within its industry(Note), in reflection of its initiatives in the ESG field and the quality of the disclosure represented in its ESG DATABOOK and other reports. This is the sixth consecutive year that MHI has been included in the index, beginning in 2017. The DJSI was developed in 1999 by the U.S. firm S&P Dow Jones Indices and the Swiss investment advisory company RobecoSAM. Listed companies around the world, based on long-term shareholder value, are assessed in terms of their overall economic, environmental and social criteria, with those determined to have exceptional sustainability selected for inclusion in the index. MHI was…

ArcelorMittal, the world’s leading global steel and mining company, Mitsubishi Heavy Industries Engineering (MHIENG), a pioneer in carbon capture technology, leading global resources company, BHP, along with Mitsubishi Development Pty Ltd are collaborating on a multi-year trial of MHIENG’s carbon capture technology with ArcelorMittal, following the signing of a funding agreement between the parties. The companies will also conduct a feasibility and design study to support progress to full scale deployment. The agreement, which involves a trial at ArcelorMittal’s steel plant in Gent, Belgium and another site in North America, brings together the expertise of the various partners in identifying ways to enhance carbon capture and utilization and/or storage (CCUS) technologies in the hard-to-abate steelmaking industry. The industry is estimated to account for around 7-9% of global greenhouse gas (GHG) emissions. CCUS has the potential to be a key technology for reducing emissions from existing global blast furnaces, which are…