This additional investment, along with the business alliance agreement concluded in March 2016, will further strengthen support for Hexagon's strategy implementation and strategic growth, and by supporting the reduction of carbon emissions, particularly in the area of mobility, will contribute to the realization of a sustainable and environmentally friendly society. In the Medium-Term Management Plan announced by Mitsui in May 2017, mobility is positioned as one of the growth areas. The company also plans to develop high pressure hydrogen cylinders and supply systems for hydrogen infrastructure used in transportation, storage, and fuel-cell vehicles which run on hydrogen. Hexagon Purus (or simply Purus or even just HP) is a stock listed entity, of which Hexagon Composites Group currently holds 73.3. ![]() ![]() Our solutions enable storage, transportation and conversion to clean energy in a wide. ![]() In addition to its business centered on the sale and manufacture of composite cylinders for natural gas and LPG, on January 4, 2019, Hexagon became 100% owner of Agility Fuel Solutions, the alternative fuel solutions provider for bus, truck and other vehicles. About Hexagon Composites ASA Hexagon delivers safe and innovative solutions for a cleaner energy future. About Hexagon Composites ASA Hexagon delivers safe and innovative solutions for a cleaner energy future. ![]() The additional shares were acquired for 123 million Norwegian kroner (approximately JPY16 billion), and as the largest shareholder in Hexagon, Mitsui’s total stake in the company remains 25.01 %. Hexagon Purus is accelerating the energy transition by providing Type 4 high-pressure composite cylinders and systems for the storage and transportation of compressed hydrogen, as well as complete vehicle systems and battery packs for fuel cell and battery electric vehicles. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) has decided to subscribe a portion of new shares issued by Hexagon Composites ASA (“Hexagon”), the world leading manufacturer of plastic-lined carbon fiber reinforced pressure cylinders ("composite cylinders").
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