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Japan, EU agree to deal with creating hydrogen demand and supply

Japan and the European Union on Monday accepted work together on policies related to developing demand and supply for clean hydrogen as well as to comply ahead of time technologies to develop the new fuel, a. joint statement said.

Japan sees hydrogen as a new and cleaner source to gradually. replacement liquefied gas (LNG), part of the nation's. path to carbon neutrality by 2050, and for Europe, hydrogen is. one of the choices to phase out use of Russian nonrenewable fuel sources.

Hydrogen will be very soon an internationally traded. commodity, and close EU-Japan cooperation will be important for. promoting sustainable and low-carbon hydrogen internationally, and. ensuring that requirements and regulations converge, Kadri Simson,. European Commissioner for Energy, informed press reporters.

On Monday, Simson fulfilled Ken Saito, Japan's minister of. economy, trade and market, and the 2 also chaired a Japan-EU. hydrogen organization online forum participated in by executives including of. JERA, Tokyo Gas, Mitsui, Iwatani.

The EU intends to produce 10 million metric lots and import 10. million tons of sustainable hydrogen by 2030 as the bloc relocates to. cut carbon emissions however the switch needs investments in. facilities to produce demand for the new fuel.

Hydrogen is an important concern for European energy. policy, and hydrogen will assist us to eliminate the remaining. Russian fossil fuels. But it likewise, in the long term, assists us to. decarbonise our market, Simson stated on Monday.

Recently Germany, a crucial buyer of Russian gas before the. Kremlin sent troops to Ukraine in 2022, approved an expense to. fast-track the building and construction of hydrogen infrastructure, import. and production centers, also as it aims to cut emissions.

Japan plans to invest 3 trillion yen ($ 19 billion) over the. next 15 years to subsidise production of clean hydrogen,. according to Nikkei.

Japanese trading house Itochu Corp on Monday said. it is conducting an expediency study of building hydrogen and. ammonia supply chain in Kitakyushu in southern Japan, among the. future offshore wind hubs in the country.

(source: Reuters)