JERA Americas Announces Hydrogen Fuel Blending Plans in Support of Net Zero CO2 Goals
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--JERA Americas, the US-based subsidiary of global energy leader JERA, has announced plans to blend hydrogen at two plants, where it has ownership interests, in support of reducing CO2 emissions.“Our parent company, JERA, has set an ambitious goal to be net zero CO2 by 2050, with an interim goal of 20% reduction in CO2 emission intensity for its business in Japan by 2030,” said Steven C Winn, Chief Executive Officer of JERA Americas. “They set the vision to be a global leader in LNG and renewables, sparking the transition to a clean energy economy. We support that goal and will also be working toward the same net zero CO2 emission goals here in North America.”The Company has made initial progress toward that goal with plans to employ hydrogen fuel blending in its US power generation portfolio.Linden Cogeneration – Linden Cogeneration (Linden Cogen) signed an agreement with Phillips 66 (NYSE: PSX), for Linden Cogen to take Bayway Refinery produced hydrogen-c
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