Toyota, Honda, Nissan form new company to speed up hydrogen development in Japan
Eleven companies composed of carmakers, oil and gas suppliers, infrastructure developers, and investors have created a new company that will accelerate development of hydrogen stations in Japan.
Toyota, Nissan, Honda, JXTG Nippon Oil & Energy, Idemitsu Kosan, Iwatani, Tokyo Gas, Toho Gas, Air Liquide Japan, Toyota Tsusho, and Development Bank of Japan have joined forces to create Japan H2 Mobility, LLC (JHyM).
JHyM plans to build 80 hydrogen stations for fuel cell vehicles (FCV) in the country by 2021, complementing Japanese government policies towards hydrogen, FCV, and sustainable development.
The government’s "Strategic Road Map for Hydrogen and Fuel Cells" targets the completion of about 160 hydrogen stations serving around 40,000 FCV by fiscal year 2020.
The ultimate goal of JHyM is to smoothly increase the number of FCV on the road in Japan, and thus to sustainability build the hydrogen station business, said the company.
JHyM will start operating in April 2018 and expects to achieve its mission within 10 years.
