TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Mar 06, 2020 14:07 JST
Source:
Toyota Motor Corporation
"Hydrogen Utilization Study Group in Chubu" Launched to Study the Potential for Large-scale Hydrogen Use in the Chubu Region
TOKYO, Mar 06, 2020 - (JCN Newswire) - Ten private companies working to promote hydrogen utilization (listed below) have established the Hydrogen Utilization Study Group in Chubu (hereinafter "Group") to create demand for hydrogen and build a supply chain for stable hydrogen utilization in the Chubu region.
This Group will take its first effort in Japan to conduct cross-sectional studies in various industries such as energy (oil, gas and electricity), petrochemicals, automobiles and finance.
Participant companies
- Air Liquide Japan G.K.
- Chubu Electric Power Co., Inc.
- Idemitsu Kosan Co., Ltd.
- Iwatani Corporation
- JXTG Nippon Oil & Energy Corporation
- Mitsubishi Chemical Corporation
- Sumitomo Corporation*
- Sumitomo Mitsui Banking Corporation*
- Toho Gas Co., Ltd.
- Toyota Motor Corporation*
As of March 6, 2020. Alphabetized, *Secretariat companies.
Background
Taking actions to tackle climate change is a critical issue globally and promoting sustainable and low-carbon energy use has long been desired.
Under such circumstance, the Japanese government set the hydrogen as one of the key elements for sustainable energy, and formulated the "The Strategic Roadmap for Hydrogen and Fuel Cells" (hereinafter "Roadmap") to realize a "Hydrogen Society."
The Roadmap set the plan to develop its commercial-scale and international hydrogen supply chain to procure 300,000 tons of hydrogen annually by around 2030.
Purpose and main activities
Regarding hydrogen production and the supply sector, innovative technologies for social implementation have been executed by various groups of companies. Meanwhile, in the demand side, studies on large-scale hydrogen utilization presently stay being carried out by individual companies.
In response to this situation and to realize the social implementation of hydrogen, we have established this cross-industry Group, focusing on the Chubu region as a first step, and launched the study to take action for creating the large-scale hydrogen demand in collaboration with hydrogen suppliers.
This Group aims for social implementation in the mid-2020s as a stepping stone to realize the Roadmap's plan of "300,000 tons of hydrogen annually by around 2030."
Conduct scoping study of hydrogen demand from the hydrogen receiving terminals to end users in the Chubu region based on the presumption of large-scale hydrogen transport from overseas.
Estimate the potential demand of hydrogen in the entire Chubu region, such as in the power generation and oil industries, and in mobility.
Conduct studies of sustainable hydrogen cost for each industry.
Clarify the bottleneck on the technical, financial and legal frameworks to realize its business models that will lead to social implementation.
In order to realize the Roadmap, we must take a triumvirate approach consisting not only of technological development and cost reduction by industry, but also the implementation of funding schemes in cooperation with the financial institutions, as well as the designing of incentives, and regulatory framework carried out under government leadership. This Group will play a key role in these efforts.
Eventually, we aim to work together with the government to spread the work of this Group not only in the Chubu region but also to the other region to spread nationwide.
Source: Toyota Motor Corporation
Sectors: Automotive
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Toyota Exhibiting at Beijing Motor Show 2024
April 25 2024 15:25 JST
TOYOTA GAZOO Racing takes a one-two in Croatian thriller
April 22 2024 09:47 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
April 18 2024 12:39 JST
Lexus presents Time at the 2024 Milan Design Week
April 16 2024 17:49 JST
New circuit challenge for TOYOTA GAZOO Racing
April 15 2024 16:21 JST
TOYOTA GAZOO Racing back on asphalt for Croatian challenge
April 12 2024 18:36 JST
Daihatsu and Toyota to Reform Structures towards the Revitalization of Daihatsu
April 08 2024 12:37 JST
Toyota Completes Toyota Technical Center Shimoyama Research and Development Facility for Making Ever-better Cars
April 02 2024 10:28 JST
TOYOTA GAZOO Racing roars to fourth successive Safari triumph
April 01 2024 09:47 JST
Toyota Releases Sales, Production, and Export Results for February 2024
March 28 2024 12:35 JST
More Press release >>
Latest Press Release
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST
Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST
NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST
Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST
TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST
Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan
Apr 18, 2024 11:14 JST
More Latest Release >>