Toyo Engineering Corporation (TOYO, President and CEO Katsumoto Ishibashi) is pleased to announce today it has invested in Japan Methane Hydrate Operating Co., Ltd., a joint venture company established on October 1, 2014 aiming to participate in the Medium to Long-term Offshore Production Test of methane hydrate conducted by the Japanese government.
TOYO is committed to contribute to the research and development of Japan’s methane hydrate resources as an engineering company, by utilizing its technology, knowledge and experience accumulated in the oil and gas business.
Please refer to the announcement issued by Japan Methane Hydrate Operating Co., Ltd.
Establishment of New Company for Participation in R & D Project
of Pore-filling Type Methane Hydrate
Oct. 1, 2014