Toyota Tsusho to accelerate its production and supply of green hydrogen along with provision of FCV in Europe

Toyota Tsusho Corporation (“Toyota Tsusho”) announced that its wholly-owned subsidiary, Toyota Tsusho Europe S.A. (“Toyota Tsusho Europe”), has established a new company, SympH2ony GmbH (“Symphony”) with the German company, Messer SE & Co., KgaA (“Messer”) to produce and supply green hydrogen and provide fuel cell vehicles (“FC mobility”) in Europe.

In the EU, under the “Fit for 55” legislation, which aims to achieve a 55% reduction in greenhouse gas emissions by 2030 compared to 1990, stricter emission regulations (Euro 7) will be applied in stages starting from 2025, making decarbonization in the transportation sector, which emits a large amount of GHG, a pressing need. Against the background of these regulations, interest in FC mobility is growing, but the infrastructure for supplying hydrogen, which is a fuel, has not yet been developed and is only being introduced in certain sectors.

Toyota Tsusho has identified “Hydrogen & Alternative Fuels” as one of the seven priority domains for growth strategy and has a track record in the hydrogen business, including the operation of hydrogen stations in Japan and initiatives to convert port machinery and other equipment to FC mobility at the Port of Los Angeles in California, U.S. In addition, Messer is developing the production and sale of a wide range of industrial gases, including hydrogen, around the world, mainly in Europe.

By leveraging their respective capabilities, the two companies have decided to establish a new company to expand the introduction of hydrogen in Europe.