Marubeni Corporation  launched the first green hydrogen injection demonstration project in the natural gas distribution network of Portugal through its investment in Floene Energias, S.A. (hereinafter, “Floene”), a gas distribution system operator in Portugal with over 70% of the country’s market share (Marubeni holds a 22.5% stake in Floene through a joint venture with Toho Gas). Floene is transporting green hydrogen through its newly-constructed hydrogen pipeline, injecting it into its existing natural gas network, and distributing it to a customer base at around 80 residential, commercial, and industrial locations.