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Steps towards Japan’s 12 Million Hydrogen Target - What are the opportunities and future impact?

[Impact Webinar] Steps towards Japan’s 12 Million Hydrogen Target - What are the opportunities and future impact?


In June 2023, Japan released a revised Hydrogen Basic Strategy in efforts to further reduce carbon emissions, which sets an ambitious target to increase the annual supply by six times from the current level to 12 million tons by 2040.

Featuring an exclusive line-up of international industry leaders and policy makers from government body, energy utilities, developers, and hydrogen buyers, this Impact Webinar comprehensively discussed the Impact of the revised plan, japan-related technology competitiveness, global supply chain, and the feasibility of achieving the Hydrogen Society in diverse application scenarios, etc, with the aim of exploring the transformative potential of Japan's hydrogen vision and its global impact.

Recording Timestamps:

0:03:07-0:18:43 | Initiatives to strengthen Japan's Industrial Competitiveness in the Global Hydrogen

Eiji Ohira, Strategy Architect for Fuel Cell and Hydrogen, New Energy and Industrial Technology Development Organization (NEDO)

0:19:19-0:37:01 | Hydrogen And its Derivatives: Opportunities to Develop Global Supply Chains in Canada​

Louis-Pierre Émond, Minister (Commercial), Embassy of Canada in Japan 

0:37:38-0:52:40 | Key Considerations for Cooperations between Belgium and Japan to Consolidate Internatioal Hydrogen Supply Chain

Joren Kippers, Head of Economic and Trade Section, Economic Section, Embassy of Belgium in Tokyo 

0:53:40 - 1:14:25 | Unlocking the Potential of Supplying Japan with Green Ammonia from India

Ashwani Dudeja, President & Director, Green Hydrogen and Ammonia, ACME 

1:16:55 - 1:31:05 | Financing the H2 value chain - Japan's Public-Private Partnership

Toyoda Kohei, Director General for Energy Transformation Strategy Energy and Natural Resources Finance Group, Japan Bank for International Cooperation (JBIC)

1:31:10 - 1:47:10 | Catalyzing GX-related Investments from the Private Sectors

Tadahiro Kaneko, Senior Aide to Unit Heads of Global Banking at SMBC, Chair of Finance Committee at Japan Hydrogen Association (JH2A) 

1:47:51-2:05:50 | Case Sharing: Takasago Hydrogen Park - Deep Dive Into the World’s First Fully Integrated Hydrogen Validation Facility and the Prospect of Hydrogen Co-firing in Japan

Takashi Kishine, Executive Vice President, Mitsubishi Power Asia Pacific

2:06:36-2:34:00 | Leveraging Japan’s Industrial Competitiveness in Global Hydrogen through the Commercialisation of Japan-developed Hydrogen Technologies

Hidetaka Endo, GX Advisor, Mitsubishi Kakoki

Our Key takeaways:

The Basic Hydrogen Strategy was revised, adding new targets and highlighting the importance of international expansion.

In essence, the 2023 Hydrogen Strategy has four goals: First, to increase the supply of hydrogen and ammonia in Japan from 2 million tons to 3 million tons by 2030, then to 12 million tons by 2040, and reaching 20 million tons by 2050. Second, the strategy seeks to reduce hydrogen supply costs in Japan from 100 Japanese yen per normal cubic meter (Nm3) to 30 yen per Nm3 by 2030 and to 20 yen per Nm3 by 2050. Third, the strategy seeks to expand the amount of water electrolysis equipment made by Japanese companies to approximately 15 GW by 2030 on a global scale. And finally, the strategy aims to attract public and private investments into the hydrogen and ammonia supply chain sector, setting a goal of more than 15 trillion yen ($107.5 billion) over the next 15 years.

Decarbonization in Japan will require more than ¥150 trillion in public and private GX investment over the next 10 years.

This includes several sectors such as energy, manufacturing, transportation, and lifestyle. In the energy sector, hydrogen is valued at about 7 trillion yen, or more than 9.4 trillion yen including synthetic methane and synthetic fuels. In the field of hydrogen, the Japanese government plans to provide support for Contract for Difference (3 trillion yen over 15 years) and investment in the development of hydrogen terminals as the investment promotion package.

Belgium and Japan have taken important steps towards the development of a hydrogen economy.

Both countries have published comprehensive hydrogen strategies, are launching pilot projects, and are investing in new infrastructure. Belgium is positioning itself as a hydrogen import hub for Europe, backed by partnerships with third countries. Belgium and Japan could work together on hydrogen in several key areas, including industrial collaboration between companies, joint research and development, and regulatory cooperation through the EU-Japan MoU on hydrogen from 2022. Industrial and R&D partnerships are already emerging between Belgian and Japanese companies, with examples in electrolyzer technology, the shipping industry and technology for the heavy industry.

Canada is contributing towards developing global supply chains for hydrogen and its derivatives and fostering collaboration with Japan on scaling up production.

In December, 2020, Canada released the Hydrogen Strategy which lays out a framework of actions involving hydrogen as a tool to achieve Canada’s goal of net–zero emissions by 2050 and position Canada as a global, industrial leader of clean renewable fuels. Japanese industry is showing great interest in potential ammonia exports from Western Canada, with over $30B in projects proposed by companies including ITOCHU, Mitsubishi, Marubeni, Kansai Electric Power and other Japanese proponents with Canadian partners. 

Takasago Hydrogen Park is the world's first integrated hydrogen validation facility, which is located at MHI’s Takasago Machinery Works in Hyogo Prefecture in west central Japan.

Takasago Hydrogen Park is divided into areas with three hydrogen-related functions: hydrogen production, storage, and utilization. Mitsubishi Power aims to improve product reliability through the validation of hydrogen co-firing and 100% hydrogen firing using gas turbines, while also implementing successive expansion with the introduction of next-generation hydrogen production technologies.

India's ACME and Japanese heavy industry group IHI have signed an offtake term sheet to supply green ammonia from Odisha, India, to Japan.

On a “long-term basis”, 400,000 tons per year will be transported, with production anticipated from the first phase to begin in 2027. The announcement also indicates that the pair will work across the full ammonia value chain, including logistics. At full capacity, the Odisha project will have a capacity of up to 1.3 million tons per year of renewable ammonia.

Insights Brought to You by:

Eiji Ohira

Strategy Architect for Fuel Cell and Hydrogen


Takashi Kishine


Executive Vice President, Engineering

Mitsubishi Power Asia Pacific

Louis-Pierre Émond

Minister (Commercial)

Embassy of Canada in Japan

Ashwani Dudeja

Group President and Director (Green Hydrogen & Ammonia) 


ACME Group

Tadahiro Kaneko

Chair of Finance Committee

Japan Hydrogen Association (JH2A)

Toyoda Kohei

Director General for Energy Transformation Strategy

Japan Bank for International Cooperation (JBIC)

Joren Kippers

Head of Economic and Trade Section, Economic Section

Embassy of Belgium in Tokyo

Hidetaka Endo

GX Advisor  

Mitsubishi Kakoki 


Holnam Sha

Senior Content Analyst

Leader Associates

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