Tokyo-based ITOCHU Corp. has acquired shares of Clean H2 Infra Fund, the world's first large-scale, clean-hydrogen, infrastructure-investment fund, through its wholly owned special-purpose corporation (SPC).
ITOCHU also entered into an agreement with Tokyo Century Corp. regarding the third-party allotment of shares in the SPC to Tokyo Century, enabling the joint ownership of shares in the fund. The SPC plans to invest up to €20 million ($22 million) in the fund.
The fund was established in October 2021 at the initiative of three French companies — Air Liquide, one of the world's biggest industrial gas suppliers; TotalEnergies, a European integrated-energy company; and VINCI, the world's third-largest infrastructure concession and construction company.
The Japan Bank for International Cooperation (JBIC) has committed to investing up to €100 million ($110 million) as an anchor investor. In addition to JBIC, South Korea-based Lotte Chemical, U.S.-based Baker
