Toyota, Mitsubishi, and Eneos invest millions into natural hydrogen start-up
The three firms will hold a combined 22% of Gold Hydrogen, as it continues an exploration programme in South Australia
Japanese firms Toyota, Mitsubishi Gas Chemical and Eneos have agreed to buy a combined 22% share of Gold Hydrogen — a total investment of A$14.5m (US$9.54m) — as the Australian firm continues its exploration for natural H2 in South Australia.
Toyota and Mitsubishi will specifically invest A$5m each, while Eneos will buy A$4.5m of shares.
The three firms will also act as strategic partners on Gold Hydrogen’s flagship Ramsay Project, which last year had detected “significant concentrations” of 95% pure H2 during well-testing.
