Ten private companies, including Toyota, working to promote hydrogen utilization have established the Hydrogen Utilization Study Group in Chubu 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.
Participants include: 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.; and Toyota Motor Corporation.
The Japanese government set the hydrogen as one of the key elements for sustainable energy, and formulated “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.
The Group will conduct a 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.
The study will estimate the potential demand of hydrogen in the entire Chubu region, such as in the power generation and oil industries, and in mobility. The group will study the sustainable hydrogen cost for each industry and clarify the bottlenecks on technical, financial and legal frameworks to realize its business models that will lead to social implementation.