Japan's JFE Steel Will Partner With Exxon Mobil To Develop High-Pressure Hydrogen Pipeline Technology; Pipeline Will Be Designed To Withstand Pressure Up To About 20 Megapascals; Research And Development Expenses For Fiscal 2023 Will Be About ¥25M
Portfolio Pulse from Happy Mohamed
Japan's JFE Steel is partnering with Exxon Mobil (XOM) to develop high-pressure hydrogen pipeline technology, designed to withstand pressure up to 20 megapascals. R&D expenses for fiscal 2023 are estimated at ¥25M.
June 08, 2023 | 7:25 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Exxon Mobil partners with JFE Steel to develop high-pressure hydrogen pipeline technology, potentially expanding its clean energy portfolio.
The partnership with JFE Steel allows Exxon Mobil to develop high-pressure hydrogen pipeline technology, which could expand its clean energy portfolio and attract environmentally conscious investors. This may have a positive short-term impact on XOM's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100