Japan invests in global hydrogen projects

Japanese banks and businesses are investing in hydrogen production and supply chain projects overseas as the country seeks to build a ‘hydrogen society’

Japan is backing global hydrogen projects in an effort to build up the supply chain for a ‘hydrogen society’ panellists heard at a Hydrogen Economist Mena briefing in Dubai. Last year, the Japanese government opened up a $15bn growth investment facility to support decarbonisation efforts—including the creation of a hydrogen supply chain—through its investment bank JBIC. “We support all the processes of the hydrogen value chain from upstream to downstream,” Kohei Toyoda, chief representative for the Middle East at the government-owned Japan Bank for International Cooperation, said at the briefing. “This kind of holistic approach is exactly the same as we did in the past when Japan developed t