HyEng Corporation Established for Joint Development, to develop marine hydrogen-fueled engines.
Three of Japan’s leading marine engine manufacturers, Kawasaki Heavy Industries, Ltd., Yanmar Power Technology Co., Ltd., and Japan Engine Corporation have concluded a joint venture contract for combined investment, and announced the joint establishment of a new company HyEng Corporation.
With a view to contributing to decarbonization in Japan, and promoting development of shipbuilding and maritime industry, the three companies have completed an agreement to facilitate joint investment in establishing a new company,
HyEng Corporation, which will pursue joint development of world-leading marine hydrogen-fueled engines. This announcement was shared at the “Zero Emission Ships” seminar held by The Nippon Foundation in May 2021.
READ the latest news shaping the hydrogen market at Hydrogen Central
With the establishment of HyEng Corporation, the three companies will further advance their joint development activities and accelerate their drive to develop new markets for decarbonization in the marine domain.
Company Overview
| Company Name | HyEng Corporation |
| Address | 1 Minamifutami Futamicho, Akashi City, Hyogo Prefecture (On the premises of Japan Engine Corporation HQ factory) |
| President | Seiji Shindo |
| Main BusinessActivities | ・Development of hydrogen engine (basic technology)・Development of international standards and rules for hydrogen fuel supply systems・Integration of hydrogen fuel supply systems・Maintenance and operation of hydrogen fuel engine demonstration facilities |
| Capital | JPY 12,000,000 |
| Date of Establishment | August 2, 2021 |
| Fiscal Year End | March 31 |
| Shareholders and Investment ratio | Kawasaki Heavy Industries, Ltd. 33.33% Yanmar Power Technology Co., Ltd. 33.33% Japan Engine Corporation 33.33% |
HyEng Corporation Established for Joint Development, August 4, 2021
