Asahi Kasei Corp., a key player in the green hydrogen sector, has received government backing to enhance its manufacturing capacity for green hydrogen production equipment. The company's decision to expand aligns with Japan's ambitious target of achieving carbon neutrality by 2050. The global demand for green hydrogen is on the rise, with projections indicating that the annual installed capacity of water electrolyzers worldwide will reach 31 GW by 2030. In response to this demand, Asahi Kasei is set to expand its manufacturing capacity at its Kawasaki plant, investing approximately ¥35 billion in the project. The strategic move includes the construction of new plants for cell frames and membranes, each capable of producing 2 GW annually. By increasing its annual capacity to over 3 GW, Asahi Kasei aims to cater to the growing green hydrogen market while maintaining its position in the chlor-alkali electrolysis sector. Executives at Asahi Kasei emphasize the importance of swiftly scaling up production capacity to capitalize on the expanding hydrogen market and position the company as a global leader in water electrolysis equipment manufacturing. By establishing a stable domestic supply chain for green hydrogen, Japan can accelerate its shift towards a hydrogen-based society. Asahi Kasei's commitment to sustainability and technological advancement, coupled with government support, positions the company as a significant player in advancing clean energy solutions and combating climate change.