Metacon KK signs MOU with Futamura Chemical Co., Ltd. regarding development of hydrogen systems
Metacon AB wholly-owned subsidiary Metacon KK has signed a memorandum of understanding with the Japanese industrial group Futamura Chemical Co., Ltd. regarding a joint development of hydrogen based power generating systems for certain projects in Asia and Middle East. The purpose is to integrate Helbio’s reformer into Futamura’s hydrogen based system with PSA (Pressure Swing Adsorption) for power generation.
Futamura Chemical Co., Ltd. was established in 1950 to manufacture activated carbon. The group has over the years expanded into a range of various businesses. Futamura employ about 1250 people and revenues FY 2017 was 71,700 million yen (~ EUR 572 m)
“We are extremely proud of the opportunity, together with Futamura, to develop a solution for hydrogen-based power generation. The Asian hydrogen market is growing at a rapid pace and the collaboration with a well established company like Futamura gives us a footprint in the Asian market,” says Chris Tornblom, CEO Metacon AB.
The executed MoU does not constitute an order per se, but the company make the assessment that the cooperation may generate revenues in the foreseeable future. The aim is that this MOU shall lead to a commercial joint development agreement between Metacon and Futamura.
Futamura President Yasuo Nagae and Metacon CEO Chris Tornblom at Futamura Chemical offices in Nagoya, Japan in April 2019
For further information, please contact CEO Christopher Tornblom, phone +44 7827 509544 or e-mail info@metacon.se
About Metacon AB (publ) Metacon is an international energy technology company with base in Sweden and headquarters in Karlskoga, whose overall business idea is to commercialize small and medium size energy systems for the production of hydrogen, electricity and heat, primarily from biogas. Metacon’s systems have been developed to provide maximum benefits both for society, the environment and its owners.
This information is information that Metacon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CET on April 8, 2019.
Metacon AB, Dammbrovägen 1, 691 50 Karlskoga
Tfn: 0586-74 00 80 E-post: info@metacon.se
