Press Information
Tokyo, August 28, 2009 - Mitsubishi Heavy Industries, Ltd. (MHI) will establish a new "Strategic Business Development Office for the UAE" within the company's Machinery & Steel Structures Headquarters at its main office in Tokyo, effective October 1. The launch of the new unit is aimed at strengthening the company's business development activities in the United Arab Emirates (UAE), especially in the Emirate of Abu Dhabi, the capital. MHI's move focuses on Abu Dhabi's initiative to develop new energies and establish an environment-friendly social infrastructure leveraging its revenues from petroleum resources. In the near term, MHI will mainly target projects involving carbon capture and storage (CCS) coupled with enhanced oil recovery (EOR) and next-generation transportation systems.
The new office will initially start with nine staff members: five on dedicated duty and the other four working concurrently on other assignments. Many business transactions and projects being planned or discussed in the UAE, including Abu Dhabi, relate to MHI products and technologies associated with its Machinery and Steel Structures Headquarters. It is for that reason that the new unit is being established within the Headquarters; however, other company units will also work closely with the new office, especially the Sustainability Energy & Environment Strategic Planning Department, Power Systems Headquarters and Air-Conditioning & Refrigeration Systems Headquarters.
CCS-EOR, which MHI positions as an immediate project target, involves technologies enabling effective recovery of oil by injecting the oil layer with carbon dioxide (CO2), which is separated and recovered from flue gas emitted from power generation plants and other sources. Other products and technologies the company plans to propose include: Intelligent Transport Systems (ITS) and light-rail transit (LRT) – key systems in next-generation transportation systems; infrastructure for next-generation transportation modes such as electric vehicles; renewable energy power generation systems, such as wind power and photovoltaic systems; and "Eco-Sky House," a super-energy-saving next-generation residence in whose development MHI and its group companies are engaged.
With the establishment of its new business unit, MHI looks to explore business opportunities within the UAE, centered on Abu Dhabi, ever more proactively in the coming years.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.