TES and Saibu Gas Join Forces to Drive Decarbonisation in Japan's Energy Sector
August 5, 2024
Tree Energy Solutions (TES), a global leader in producing e-NG (electric natural gas from green hydrogen), and Saibu Gas, a major Japanese gas utility, have signed a Memorandum of Understanding (MOU) to promote e-NG as a key clean energy source. This partnership supports Japan's goal to use e-NG for 90% of its City Gas consumption by 2050.
The agreement will help Saibu Gas provide stable, clean energy and achieve carbon neutrality in its city gas supply chain. The parties will explore opportunities including a long-term e-NG offtake contract by Saibu Gas from TES production projects, where captured CO2 is combined with green hydrogen to create e-NG that can be used as a drop in fuel at consumer’s facilities.
This collaboration with Saibu Gas will enable TES to establish an overseas supply chain for e-NG into Asia and promote the introduction of e-NG into the Japanese market. TES and Saibu Gas aim to create a sustainable value chain, enabling Japan to meet its carbon neutrality goals by 2050 while ensuring a stable supply of clean energy.
Marco Alverà, CEO and Co-Founder of TES, stated, “We acknowledge the profound significance of the Japanese LNG market and its influence both locally and globally. Together with Saibu Gas, we have the opportunity to drive meaningful progress in the transition towards greener alternatives for Japan’s energy sector.”
About TES
TES is a global green energy company developing giga-scale projects to accelerate the transition to net-zero.
In Europe, TES’ projects strengthen energy security and the diversification of energy imports, as well as support the European Union’s decarbonisation efforts. In Wilhelmshaven, Germany, TES is developing a green energy terminal, that will serve as a major hub for sustainable molecules. The already operating floating storage and regasification unit (FSRU) will be followed by a large-scale onshore LNG terminal and a CO₂ export terminal. Globally, TES leverages renewable energy solar, wind, and hydro, along with climate-neutral CO₂ for the production of e-NG (electric natural gas), a drop-in synthetic gas made from green hydrogen and captured CO₂. Large-scale e-NG projects are underway in the US (Live Oak), Canada (Project Maurice), and across Europe, and the Middle East. These green molecules support the shift to real zero emissions across industries and help win the race against climate change.