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19 Mar 2010 Register / Login F F F
05 Aug 2009

Japanese Companies Sign Up to Tackle Hydrogen Infrastructure Across Japan


It has been reported that Nippon Oil Corp., Tokyo Gas Co., Idemitsu Kosan Co., Showa Shell Sekiyu KK., Osaka Gas Co. and Toho Gas Co. (TSE:9533) amonsgt others will conduct joint research with an aim to commercialise technologies for supplying hydrogen to fuel cell vehicles by fiscal 2015.

Automakers are said to be considering joining the group.

The research alliance will conduct field trials by setting up dozens of hydrogen stations across Japan. By using the oil companies' hydrogen production facilities and the pipelines of the gas companies, the group will research ways to transport the fuel to filling stations in a stable manner at low cost.

Some of the stations are to be built in urban areas and on highways, such as at existing gasoline-pumping depots. The group hopes to eventually lower supply costs to levels comparable to gasoline.

 

http://www.tradingmarkets.com/.site/news/Stock%20News/2460743/

Source: Fuel Cell Today

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