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• iPEACE223 is a start-up company that aims to stabilize the supply of energy while reducing environmental impacts
• Through investment in the company, MHI will accelerate the development of clean energy technologies, and promote initiatives for the realization of a decarbonized world
Tokyo, June 11, 2025
Mitsubishi Heavy Industries, Ltd. (MHI) has invested in iPEACE223 Inc., a Tokyo-based start-up company that is developing technology for production of carbon-neutral, clean fuel from bioethanol.
Bench-Scale Plant test run by iPEACE223
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MHI, through investments in various start-up companies, supports the development and dissemination of innovative technologies. Going forward, the Company will continue to accelerate the development of clean energy technologies for the widespread adoption of sustainable energy and the realization of a decarbonized world.
About iPEACE223
iPEACE223 is developing technology that contributes to the reduction of CO2 emissions in the manufacturing process of propylene (a raw material for chemicals) and propane (fuel), based on technology developed by the firm's representative director, Toru Setoyama. Specifically, the company utilizes zeolite, a porous mineral, as a catalyst to sustainably produce propylene and propane from bioethanol, aiming to achieve carbon neutrality. For more information, see https://ipeace223.com/en/.
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.
Mitsubishi Heavy Industries, Ltd. press release
