Japanese firms partner for liquefied hydrogen supply chain

JSE remains the majority shareholder with 50.2% of stock, whilst the shipping companies hold 16.6% each.

Japan’s Basic Hydrogen Strategy, revised by the Japanese government in June 2023, identifies hydrogen as the alternative to fossil fuels as it targets decarbonisation. In the Strategy Japan commits to a target of 3 million tonnes per year of hydrogen by 2030, 12 million tons per year by 2040, and 20 million tonnes per year by 2050.

The target hydrogen supply cost is approximately JPY30 /Nm3 in 2030 and JPY20 /Nm3 in 2050 at the point of arrival in Japan. To achieve these price and volume targets, and create a secure global supply chain, transport by ship is crucial.

JSE will collaborate to explore the safety and efficient operation of the world’s first large-scale LH2 carrier by 2024, as well as develop a viable marine transportation business scheme. Furthermore, the LH2 carrier will be powered by hydrogen, significantly reducing CO2 emissions during operation.

The companies will determine the optimal equipment requirements, specifications, and costs, among others, for demonstration tests for the commercialisation of JSE’s liquefied hydrogen supply chain

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