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Nippon Oil To Launch Sales Of Home Fuel Cells In FY09

Nikkei. Nippon Oil Corp. will begin full-scale sales of home-use fuel cell systems in the year ending March 31, 2010 by creating a nationwide dealership network comprising 100 or so liquefied petroleum gas (LPG) and kerosene sales agents. The company is targeting sales of 10,000 units in fiscal 2010.

Switching to fuel cells reduces carbon dioxide emissions from homes by 30-40%, and the Japanese government is expected to start subsidizing fuel cell installations in fiscal 2009 as a measure for reducing Japan’s global warming gas emissions.

Nippon Oil’s fuel cell production joint venture with Sanyo Electric Co. is slated to start mass-production in April. By fiscal 2015, the company hopes to lower the price of its household fuel cell systems to around 500,000 yen [US$5,500] and bolster their sales to 40,000 units a year.

Idemitsu Kosan Co., in partnership with Toshiba, is also developing home-use fuel cell systems.

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