Japan has today (April 4) announced ambitions to increase its annual hydrogen supply to 12 million tonnes in 2040 from its current two million tonnes.
Under plans to revise its Basic Hydrogen Strategy in late May this year (2023), the Japanese Government also hopes that JPY 15 trillion ($112.86bn) of public and private investment will follow over the next 15 years to advance the use of hydrogen and renewable energy sources.
Prime Minister Fumio Kishida, said, “We will step up efforts for decarbonisation at home while responding to fierce international competition in the fields of renewable energy and hydrogen.”
Released in December 2017, Japan’s Basic Hydrogen Strategy focused on establishing an integrated international hydrogen supply chain by 2030; sourcing blue and green hydrogen from global producers and transporting it to the country in hydrogen carriers; reducing production costs; enhancing storage and transport; and expanding hydrogen and ammonia use.
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