Mitsubishi Corp. will collaborate with Shell PLC in producing 400,000 tons of green hydrogen annually by 2030 via the development of major offshore wind farms in Europe.
Since green hydrogen is a type of renewable energy that does not produce carbon dioxide, it helps accelerate the global push toward decarbonization.
Hydrogen is used in heaters and fertilizers, and there have been recent efforts to utilize it as a fuel.
According to the sources, Mitsubishi, through its subsidiary Eneco Groep N.V., is looking to invest 10% in a company that will be financed by Shell and Norwegian energy corporation Equinor ASA, among others.
The plan calls for the construction of offshore wind farms in the Netherlands that can generate roughly 4 million kilowatts of electricity. The generated energy will be used to produce hydrogen, to create a million tons per year by 2040.


RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
GesiaPlatform Launches Carbon-Neutral Lifestyle App ‘Net Zero Heroes’
How America courted increasingly destructive wildfires − and what that means for protecting homes today
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
How to create a thriving forest, not box-checking ‘tree cover’
How ongoing deforestation is rooted in colonialism and its management practices
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Fertile land for growing vegetables is at risk — but a scientific discovery could turn the tide
We combed through old botanical surveys to track how plants on Australia’s islands are changing
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Thousands of satellites are due to burn up in the atmosphere every year – damaging the ozone layer and changing the climate 



