Demonstration project for hydrogen society model for decarbonization

The document from Japan’s Ministry of Economy, Trade and Industry (METI) outlines a project to build a hydrogen society model aimed at decarbonizing industrial activities by establishing a hydrogen supply chain for production, transportation, and utilization. The goals include developing and demonstrating hydrogen technologies in transportation, ports, and factories, reducing costs, and creating an efficient hydrogen supply chain, with a target of introducing up to 3 million tons of hydrogen per year by 2030. The project has a budget request of 6.2 billion yen for FY2024, including subsidies and grants for private companies and research institutions, supporting Japan’s Green Growth Strategy and demonstrating the economic viability of hydrogen technologies.

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