Supply Chain Council of European Union | Scceu.org
News

Japan aims to set up commercial hydrogen fuel supply chain by 2030 By Reuters


© Reuters.

TOKYO (Reuters) – Japan will seek to create a commercial hydrogen fuel supply chain by around 2030 to support reducing carbon emissions, Industry Minister Hiroshi Kajiyama said during a virtual hydrogen conference late on Wednesday.

Japan will try to speed up technological developments to help scale up a transportation system for hydrogen using ships by around 2030, Kajiyama said, pointing to a plan by Kawasaki Heavy Industries to ship liquefied hydrogen from Australia to Japan early next year for the first time in the world.

Kawasaki launched the world’s first liquefied hydrogen carrier last December.

Japan unveiled a basic hydrogen strategy in 2017 aiming to import about 300,000 tonnes of hydrogen in 2030.

To support making hydrogen fuel more commercial, Kajiyama said his ministry has requested a hydrogen budget of $800 million for the next fiscal year, 20% more than this year.

“Given growing momentum in actions taken by many countries toward wider use of hydrogen, we have come to share a common understanding that hydrogen is an essential energy for decarbonisation,” Kajiyama said.

Hydrogen has been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments, advocates are trying to push the niche energy into the mainstream.

In northern Japan’s Fukushima prefecture, the world’s biggest renewable energy-powered hydrogen plant, with 10 megawatts of capacity, was built in March.

Chiyoda Corp succeeded in a pilot project in June to ship hydrogen in a chemical form, methylcyclohexane, from Brunei to Japan as fuel for power generation.

Also on Wednesday, Toyota Motor (NYSE:) and eight other firms said that they will form a new nation-wide hydrogen association in December to promote hydrogen supply chains and global alliances.

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related posts

Ion Channel Accelerates Software Logistics and Supply Chain Security for High Assurance Customers

scceu

“Keep that supply chain full”

scceu

U.S. coin shortage: The pandemic broke the country’s coin supply chain

scceu

Leave a Comment