Press release - 4 August 2021 08:00

HyEng Corporation Established for Joint Development

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 today 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.

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 Business Activities	・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%

※The three companies invest equal amounts with the investment ratio rounded to the second decimal place.

Reference

Release (May 6^th, 2021): Japanese Manufacturers Cooperate on Development of Hydrogen Fueled Marine Engines
https://www.yanmar.com/global/news/2021/05/06/91508.html

Zero Emission Shipping: a symposium towards the realization of greenhouse gas free shipping.
https://www.nippon-foundation.or.jp/who/news/information/2021/20210519-57451.html

Topics

Contacts

Paul Bartels
Press contact Marketing Communications Manager Marketing Division paul_bartels@yanmar.com +1 (770) 877 7833

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