It has continually enhanced its technology development capabilities, while building a customer base as a business company engaged in the provision of decarbonization solutions for the mobility sector, especially hydrogen-based solutions.

As a subsidiary of Hexagon Composites ASA, Purus has expertise in the manufacture of compressed hydrogen gas cylinders, the design of hydrogen supply systems using these cylinders, and commercial vehicle integration. Since 2016, Mitsui has been investing in and collaborating with Hexagon Composites ASA, the world's leading manufacturer of carbon fiber reinforced plastic high-pressure gas cylinders. In addition to pursuing joint projects with Purus, Mitsui will also explore future opportunities for additional investment when Purus implements capital increases. Mitsui has also concluded agreements concerning a new strategic alliance with Purus. ('Mitsui', Head Office: Tokyo, President and CEO: Kenichi Hori) has agreed to subscribe for convertible bonds worth 500 million Norwegian krone (approximately 6.6 billion yen) issued by Hexagon Purus ASA ('Purus'), a Norwegian company which engages in the manufacture of compressed type 4 hydrogen gas cylinders and systems used in fuel cell electric vehicles (FCEVs) and in the on-road distribution of hydrogen, and which is also involved in the vehicle integration business, and the manufacturing of battery systems for heavy-duty vehicles.

Hexagon company