Mitsubishi Corporation and Jogmec invest in eFuels provider Infinium
Japan’s Mitsubishi Corporation and Japan Organization for Metals and Energy Security (Jogmec) have participated in the Series C round of Infinium Holdings. Following the success of its first commercial-scale project, known as Pathfinder located in Corpus Christi, Texas, Infinium plans to set up its second commercial-scale eFuels project, also known as Roadrunner, which is expected to be the world’s largest eSAF production facility when operational, located in Texas, US.
Infinium is a producer of eFuels, which are a new class of synthetic fuels that use green hydrogen and carbon dioxide to produce ultra-low carbon alternatives to traditional fossil-based fuels. They are the world’s first producer of commercially available ultra-low carbon eFuels and will continue to deploy their proprietary technology in the US and other locations.
Through this investment, Mitsubishi’s aim is to expand its understanding of eFuels, the demand for which is expected to increase in the future. Additionally, Mitsubishi aims to participate in future projects to support the supply of eFuels into Japan.
Jogmec will support these efforts by Mitsubishi through this investment, contributing to establishing the eFuels supply chain and the earliest social implementation of eFuels in Japan.
Infinium eFuels are a drop-in fuel for internal combustion engines in aircraft and automobiles, offering a reduction of approximately 90% or more in greenhouse gas emissions compared to conventional fossil fuels. This is expected to contribute significantly to hard-to-abate sector such as aviation and transportation.
Following the amendment of the Jogmec act in 2022, which enhanced its capabilities in the low and zero-carbon fields, this investment marks Jogmec’s first selected company for investment in the eFuels sector. This investment is an effort for Mitsubishi and Jogmec to participate as new partners in the eFuels business ecosystem that Infinium is forming with its partners and customers based on its core catalyst technology, the firms say.
