News from Japan where the biggest power producer in the country is kickstarting a hydrogen power supply chain project. Maybe we need a mix of all technologies to keep the lights on? Here’s the word.
Idemitsu Kosan Co., Ltd. (“Idemitsu”) and JERA Co., Inc. (“JERA”) have today concluded a memorandum of understanding (“MOU”) stipulating that they will jointly consider establishing a hydrogen supply chain based in the Ise Bay area.
On the back of demand for decarbonization, hydrogen—which emits no CO2 when burned—is expected to be used in large quantities at power plants and in industrial areas as a next-generation replacement for fossil fuels. It is essential, therefore, to develop large-scale receiving and supply bases near areas where hydrogen will be in demand.
The Ise Bay area, where many industries are concentrated, has the future potential to become a large-scale receiving and supply base. Idemitsu is engaged in the business of receiving and refining crude oil and supplying petroleum products in the area. JERA, meanwhile, owns thermal power plants and LNG receiving terminals in the area and strives to ensure a stable supply of electricity in the Chubu region.
The MOU stipulates that the two companies will jointly consider the following as they look to establish a hydrogen supply chain based in the Ise Bay area where each operates businesses:
- Establishment of hydrogen receiving, storage, processing, and supply bases
- Technological and economic analysis of transportation methods for hydrogen in the Ise Bay area
- Development of a hydrogen supply network