Three of Japan’s leading marine engine manufacturers, Kawasaki Heavy Industries, Ltd., Yanmar Power Technology Co., Ltd., and Japan Engine Corporation on Monday (2 August) concluded a joint venture contract to establish HyEng Corporation.
HyEng Corporation will pursue joint development of world-leading marine hydrogen-fuelled engines.
With the establishment of HyEng Corporation, the three companies will further advance their joint development activities and accelerate their drive to develop new markets for decarbonisation in the marine domain.
Company Overview
| (1) | Company Name | HyEng Corporation |
| (2) | Address | 1 Minamifutami Futamicho, Akashi City, Hyogo Prefecture
(On the premises of Japan Engine Corporation HQ factory) |
| (3) | President | Seiji Shindo |
| (4) | Main Business Activities | ・Development of hydrogen engine (basic technology)
・Development of international standards and rules for hydrogen fuel supply systems ・Integration of hydrogen fuel supply systems ・Maintenance and operation of hydrogen fuel engine demonstration facilities |
| (5) | Capital | JPY 12,000,000.- |
| (6) | Date of Establishment | August 2, 2021 |
| (7) | Fiscal Year End | March 31 |
| (8) | Shareholders and Investment Ratio | Kawasaki Heavy Industries, Ltd. 33.33 %
Yanmar Power Technology Co., Ltd. 33.33 % Japan Engine Corporation 33.33 % |
※The three companies invest equal amounts with the investment ratio rounded to the second decimal place.
Photo credit: Japan Engine Corporation
Published: 5 August, 2021
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