OSAKA — Japanese gas company Iwatani will withdraw from a green hydrogen project in Queensland, Australia, following the exit of other Japanese companies and the state government amid growing global headwinds against decarbonization.
Iwatani had teamed up with Japanese trading house Marubeni, Japanese utility Kansai Electric Power, Australian energy company Stanwell and Singaporean conglomerate Keppel to produce 70,000 tonnes of green hydrogen per year by around 2028. Some of the hydrogen was to be imported to Japan.
