Japan's IHI corporation, a heavy-industry manufacturer, has made a step forward in cultivating carbon solutions by investing in Starfire Energy, an American carbon-free ammonia technology developer, and partnering up with ANGEL NAVI, a Japanese investment support firm.
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Additional Investors Includes AP Ventures, Chevron, New Energy Technology and Osaka Gas
TOKYO, Apr 9, 2021 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) today announced that it has invested in Starfire Energy Inc., the leading developer of modular chemical plants for the production of green ammonia and hydrogen with a patented catalyst technology located in Denver, CO. The partnership will be used to advance the development of commercial scale applications to decarbonize ammonia production and unlock its potential as a zero-carbon energy carrier. The investment has been executed through Mitsubishi Heavy Industries America, Inc., joining a consortium of investors, including AP Ventures, Chevron Technology Ventures, New Energy Technologies and Osaka Gas USA.