Iwatani Corp.

Iwatani’s Liquid Hydrogen Activities

May 27, 2015

Norway-Japan ESW

Today’s Topics

Company profile & data

Hydrogen market in Japan

Iwatani focus on liquid hydrogen

Liquid hydrogen based HRS

Future vision for liquid hydrogen

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Company Profile & Data

Gas & Energy

Industrial gases & Machinery

Energy

Materials

3 Core Business Net Sales US$ 6,839 mil. Operating Income 179 mil. Number of employees 8,741 Established May 5, 1930

(2014 consolidated)

Founder Mr. Naoji Iwatani His philosophy is “things needed by society will be flourish” He has been pursuing his dream for hydrogen energy society since very beginning of his life.

Agri-bio & Foods

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3

Market in Japan

On site & External sales

■Japanese market is 1/60 of that of USA Japanese market volume in 2013

■Production capacity of H2 in Japan is 18B[M3]

Marchant H2 market size is 280M [M3]= only 1.5％

oil refining

Pruduct NH3 13.1% Chemical ,Steel

17.4%

captive consumption

Compressed H2

34%= 90M[m3]

Market Volume about 18B [㎥]

On site 54%=150M[M3] LH2

14％=40M[m3] 1.5％=280M[m3]

Iwatani’s H2 market share

Iwatani LH2 30%

Iwatani GH2 35%

Others 35%

(Total amount of H2 sales is about 136M m3, estimated by Gas Review)

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Trend of sales in Japan

＜Compressed Hydrogen＞

0

25

50

75

100

125

150

09年 10年 11年 12年 13年 14年（予） 15年（予）

（Million m3）

＜Liquid Hydrogen＞

From Gas Diorama 2015

0

10

20

30

40

50

60

09年 10年 11年 12年 13年 14年（予） 15年（予）

（Million m3）

Hydrogen Market

Iwatani gas Co.(Chiba Plant, from 2009） ■Location Ichihara city, Chiba pref ■Production Capacity LH2：３,０００L／H×１unit GH2：６００Nm3／H×1unit

Hydro-Edge Inc. (from 2006) ■Location Sakai city, Osaka pref ■Production Capacity LH2：３,０００L／H×２units GH2：６００Nm3／H×２units

【No. of plants】 ３ 【Sales of LH2】 about 42,000K m3 （FY2013） 【No. of Customers】 ６３ （FY2013）

Yamaguchi Liquid Hydrogen(from 2013) ■Location Shunan city, Yamaguchi pref ■Production Capacity LH2：３,０００L／H×１unit

LH2 plant in Japan

Advantages of LH Supply

LH Tank Truck

LH

CH

Tube Trailer

Customer’s Storage

Bulk Supply & Storage (7-12 times)

LH Tank （Foot print）

Less Space

Bulk Supply

Bulk Storage

Bulk Transport

High Purity

Less Space

Cryogenic Temperature

PSA

Reformer

On-Site Production

Parking Space

Tube Trailer

On-site Production Reformer, PSA

20.27K ・・・・・・・・1 L LH=0.79Nm3・・・・・・・・ ≧99.9999%

LH

CH

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Iwatani’s Line-up of Commercial HRS ST Size Type Pressure Capacity No of Cars Cost

Large for

Car/Bus

LINDE Ionic Hydrogear

86.0MPa 2,000Nm3/h （5kg/3min.）

×2 or

×6 \\\

LINDE Ionic IC-90 Zwei

82MPa 784Nm3/h （5kg/3min.）

×2 or

×6 \\\

LINDE LH Pump 87.5MPa

1,350Nm3/h （5kg/3min.）

×2 or

×6 \\\

Medium for Car

LINDE Ionic IC-90 82MPa

340Nm3/h （5kg/3min.）

×6 \\

Small for Car

70MPa Mobile 70MPa 100Nm3/h （5kg/3min.）

×2 \

SHS Smart H2 ST

35MPa －

（3kg/5min.） ×2 \

Small refueller for Car dealer etc.

35MPa －

（3kg/15min.） ×2 \

※ H2 Quantity： 5kg（70MPa) 23kg(70MPa)

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Japan’s First Commercial Station

Amagasaki Hydrogen Station

Opened on July 14, 2014 Situated in Iwatani’s Central Laboratory

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Japan’s First Commercial Station

IC-90 Compressor

Schematic Flow

IC-90 Filling Package(Ionic compressor)

1. Higher efficiency 2. Higher durability 3. Compactness

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Tokyo Shiba Park Hydrogen Station

Opened in April, 2015 Located in the center of Tokyo

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Compact Mobile HRS

コンパクト 簡単操作 低コスト Compact User friendly Low Cost

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Advanced SHS（Smart Hydrogen Station）

Saitama City

Simple 1day installation, only connect water and electricity

World First Package Station with High Pressure Electrolyzer

Smart Compact package （10ft container 3×2.5m） Sustainable Hydrogen can be produced from of renewable enegy

Installed on 2014.9.18 at Saitama East Environment Center

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Iwatani’s Station Concept

LH2 for enlarged future supply

Packaged station

Pre-cooler

LH2

CH2 Vaporizer

Dispenser LH tank

Control

90MPa

LH2

LH2

Storage

Comp. LH Pump

FCV

[Subjects] ・Introduction of LH Pump ・De-regulation ・Cost down

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HP Storage

MP Storage

H2 Source Compressor

MP Compressor

HP Compressor

Storage Dispenser

Vaporizer(LP)

LH Tank

LH Tank track 昇圧ﾎﾟﾝﾌﾟ

P LH Pump Vaporizer（HP）

Conceptual Flow of LH Station

LH Pump

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90MPa LH Pump

Discharge pressure 90MPa

Discharge rate 100kg/h

Electric consumption 130kW

◆ Large discharge rate, high efficiency, pre-cooling, direct refueling can be achieved with LH pump

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LH2 tank

35 MPa dispenser

LH2 pump Evaporator

LH2 dispenser

H2 banks

Built in May, 2003 Japan’s first LH2 HRS LH2 tank: 10 kl LH2 pump: 500 Nm3/h

JHFC Ariake HRS

Large Scale LH Transportation

1500 m

1200 m

2020 2025 Phase Pilot Large scale demo LH Production 4.2 t/d 770 t/d LH Transportation 870 t/y

(10mil.Nm3/y) 225,400 t/y

(2.5 bil.Nm3/y)

Sorce: Kawasaki Heavy Industries

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Hydrogen Town in Kitakyusyu

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Iwatani R&D Center

始まっています 「水素エネルギー社会」

Thank you for your attention

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