Japan's Bold Move: Leading the Way in Global Hydrogen Production
Key Ideas
  • Tokyo Electric Power Co. Holdings plans to produce hydrogen in Indonesia using geothermal power, in partnership with Pertamina, to meet the rising demand for low-emission energy sources.
  • Japanese construction firm Obayashi aims to produce hydrogen in New Zealand as part of Japan's strategy to increase annual hydrogen supply to 12 million tonnes by 2040, in response to global competition.
  • Japan's Prime Minister commits to developing hydrogen supply chains and enhancing regulations to achieve the goal of 20 million tonnes of hydrogen by 2050, supporting the country's vision for carbon neutrality.
  • With a $113 billion investment planned over the next 15 years, Japan reinforces its commitment to hydrogen development, recognizing its potential as a sustainable alternative to fossil fuels in various industries.
Tokyo Electric Power Co. Holdings (TEPCO) and Obayashi are pushing ahead with plans to produce hydrogen in Indonesia and New Zealand, respectively, as Japan aims to increase its hydrogen production to 12 million tonnes by 2040. TEPCO's partnership with Pertamina in Indonesia to utilize geothermal power for hydrogen production aligns with Japan's broader strategy to cater to the rising demand for low-emission energy sources. Concurrently, Obayashi's venture in New Zealand contributes to Japan's response to the competitive global hydrogen market. Prime Minister Fumio Kishida is driving Japan's ambition to boost hydrogen supply, with a target of 3 million tonnes by 2030 and a long-term vision of 20 million tonnes by 2050, essential for achieving carbon neutrality. Hydrogen, particularly green hydrogen produced through renewable methods, is emerging as a key player in reducing carbon footprints in various sectors like energy, steel, and chemicals. Japan's significant investment of $113 billion over 15 years underscores its commitment to hydrogen development and sustainability. The country's proactive stance not only supports its economy but also positions Japan as a leading player in the global hydrogen market, fostering a cleaner and more environmentally friendly energy future.
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