Japanese Jera invests $ 300 mln in start-up companies focus on ‎green technology

Jera, Japan’s largest buyer of liquefied natural gas, said it would invest $300 million in startups focused on green technology through a newly created in-house unit as part of the country’s efforts to reach carbon neutrality by 2050.

According to “Reuters”, Jera, which is also the largest facility in Japan, said in a statement that it will target startups that develop carbon removal technologies, using hydrogen, ammonia and other renewable energy sources, as well as digital technologies and those that focus on women’s health.

The company added that venture capital funds associated with such startups will also be investment targets for the Jira Ventures unit.

On Thursday, Jera said it had signed a memorandum of understanding with the Public Investment Fund, which is leading decarbonization efforts at the world’s largest oil producer, to explore developing green hydrogen projects and derivatives.