Japan to invest $107 billion in hydrogen supply
In Japan, The Japan Times reported that the Japanese government decided on a plan to generate public- and private-sector investment in the supply of hydrogen worth $107 billion over the next 15 years.
Under the revised Basic Hydrogen Strategy, approved at a meeting between relevant ministers, the Japanese government also plans to increase its hydrogen supply sixfold from the current level of 2 million tons to around 12 million tons by 2040.
“We would like to steadily build a supply chain for hydrogen in Asia and the Indo-Pacific region by further expanding Japan’s hydrogen technology, which has been world-leading,” industry minister Yasutoshi Nishimura told a news conference.
The government had already decided to grow the Japan’s hydrogen supply to up to 3 million tons in 2030, increasing to around 20 million tons by 2050, according to the report.
Category: Hydrogen
