Japan's JFE Holdings, JFE Steel, and Japan Suiso Energy have signed an agreement to lease land on Ohgishima island in Tokyo Bay for a liquefied hydrogen project. JFE Steel's planned removal of buildings will pave the way for JSE to construct demonstration facilities for hydrogen production. The project aims to achieve a liquefied hydrogen carrier license by 2029-30 and commence hydrogen supply to Japan by 2030-31, contributing to global hydrogen supply chain creation. Ohgishima's selection is strategic, being in the Keihin Industrial Zone, a significant industrial area in Japan. The project aligns with Japan's carbon neutrality targets. Furthermore, the collaboration between JFE and Kawasaki city involves island repurposing, infrastructure development, and enhancing hydrogen transportation facilities, fostering economic and environmental advancements.