GPS News
OIL AND GAS
Japan to invest heavily in hydrogen for energy sector
Japan to invest heavily in hydrogen for energy sector
by Daniel J. Graeber
Washington DC (UPI) Jun 6, 2023

A massive investment of more than $100 billion will go toward building up hydrogen in the Japanese energy sector, the government announced Tuesday.

A revised hydrogen strategy outlines $107 billion over the next 14 years to increase the hydrogen supply in the island nation to some 12 million tons from 2 million tons.

"We would like to steadily build a supply chain for hydrogen in Asia and the Indo-Pacific region by further expanding Japan's [hydrogen] technology, which has been world-leading," Economy, Trade and Industry Minister Yasutoshi Nishimura was quoted by the Kyodo news agency as saying.

Hydrogen, a potent energy carrier, is something of a niche component of the so-called energy transition. Production is described using a color spectrum, with most of the hydrogen produced today considered "gray."

That uses a steam-driven process to break natural gas, or methane, into its elemental components -- carbon and hydrogen. Carbon is released as a result. On the other end of the spectrum, "green" hydrogen uses renewable electricity instead of steam to break water apart into hydrogen and oxygen, with no emissions.

Japan has been reassessing its energy sector since the disastrous meltdown of the Fukushima nuclear power plant in 2011. Largely dependent on foreign supplies of fossil fuels, the economy now is looking for alternatives, from "clean" coal to hydrogen.

Japan is leaning on hydrogen produced from a fossil-fuel feedstock. It could nevertheless help address decarbonization goals, ensure a secure source of energy and support economic growth.

Elsewhere, the Japanese parliament passed a bill last month that would extend the lifespan of nuclear power plants to more than 60 years, as the country aims to cut carbon emissions and conserve energy by repurposing its nuclear resources.

The legislation was passed in response to a dwindling national energy supply due to Russia's war in Ukraine and sanction's targeting the Kremlin's war chest.

Many of the shuttered reactors remain offline as they have been unable to meet tougher safety standards that were implemented after the meltdown at Fukushima.

Related Links
All About Oil and Gas News at OilGasDaily.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
OIL AND GAS
Gas prices at a standstill in an otherwise fluid market
Washington DC (UPI) Jun 2, 2023
Despite volatility in the broader market, retail gasoline prices have been more or less unchanged over the course of a month, results Friday from AAA show. The travel club reported a national average retail price of $3.57 for a gallon of regular unleaded gasoline, unchanged from last week and just 2 cents lower than the national average at this time last month. Andrew Gross, a spokesperson for AAA, said demand likely cooled off after the long holiday weekend, keeping a lid on prices at t ... read more

OIL AND GAS
Taiwan tribe despairs as drought shrinks bamboo crop

Firms withheld pesticide toxicity data from EU: study

What's in wine? Campaigners want ingredients on the bottle

Planet-friendly farming takes root in drought-hit Tunisia

OIL AND GAS
'Heat highways' could keep electronics cool

Taiwanese chip giant TSMC says industry could have 'stabilising' effect

Spintronics at BESSY II: Domain walls in magnetic nanowires

France announces massive state aid to chips factory

OIL AND GAS
Germany tells China to stop poaching ex-air force pilots

Wayward US plane's pilot was slumped over, apparently unconscious: report

NASA grant funds aeroacoustic research to develop quieter vertical lift air vehicles

Beijing blames US 'provocation' for South China Sea fighter jet incident

OIL AND GAS
Musk, China industry minister hold talks on 'new energy vehicles': ministry

Tesla's Musk hails China's 'vitality' on Beijing visit

Elon Musk says wants to expand China business in FM meeting

China auto giant BYD denies claims its cars failed emissions test

OIL AND GAS
Stocks mixed as China data points to more weakness

Blinken eyes trip to China as tensions ease

Asian markets struggle to kick on after rally, with eyes on Fed

EU agrees economic weapon in face of China trade spat

OIL AND GAS
Brazil's Congress passes cuts to Lula environment, Indigenous ministries

Brazil lawmakers vote to curb Indigenous peoples ministry

Amazon scientists simulate how warming may impact jungle

'Patrol' film exposes Nicaragua forest threat from beef industry

OIL AND GAS
WMO: tracking the world's weather and climate

WMO: tracking the world's weather and climate

Register for ESA's first Earth observation commercialisation event

BlackSky and SynMax partner to monitor US Coal Powerplant Inventory

OIL AND GAS
Single-molecule valve: a breakthrough in nanoscale control

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.