Intro: Less than 48hrs ago Mitsui went deeper into Hexagon Purus (Compressed Hydrogen in Norway) Mitsui went in with another 50 Million EUR, with the comment that they were there to put in additional 150M EUR later on.
Hexagon Purus's biggest owners are Mitsui and the Flakk family (Hexagon) in Norway. The Flakk Family is also the major owners of Norwegian Hydrogen. Norwegian Hydrogen is again the major owner of HYON.
Link: https://hexagonpurus.com/news/...acement-and-equity-private-placement
Sofar: Hexagon (Flakk) - Mitsui biggest owner and invested in Hexagon Hexagon Purus (Flakk) - Mitsui invested 2 times and there to invest 150M Euro more in Heagon Purus Norwegian Hydrogen (FLAKK) - Mitsui went in the end of last year - was it 6 M Euro ? in Norwegian Hydrogen HYON (Flakk c/o Norwegian Hydrogen) - Mitsui and HYON entered a Collaboration on a feasability study to start end 2022 and to continue into 1st half 2023. Mitsui. It was also stated that the agreement also opens for a financial and strategic commitment from Mitsui into HYON.
Throughts: Sofar Mitsui have invested in all the Compressed Hydrogen companies Flakk is involved in, except HYON. I will not say what i think might happen when the feasability study is over. But one thing i think both fans AND haters of HYON can agree on i think: "Mitsui does not seem to hate Flakk and compressed Hydrogen, Flakk seems like a popular guy in Japan"
anyone ?
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