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Japan's Iwatani invests to boost hydrogen supply

  • Mercados: Hydrogen
  • 10/06/21

Japanese energy supplier Iwatani is aiming to boost its liquified hydrogen sales to 90mn m³ in the April 2023 to March 2024 fiscal year, up by 34.3pc from 2020-21, in line with growing hydrogen demand.

Iwatani plans to invest a total of ¥60bn ($548mn) over the next three fiscal years as part of efforts to promote hydrogen use. The company has set a target to increase the number of domestic hydrogen supply stations to 83 by 2023-24 from 53 in 2020-21. It is also looking to expand its hydrogen station network in the US to 23 from four over the same period.

Iwatani is considering a long-term plan to use hydrogen as a feedstock for carbon-neutral LPG and supply it as a thermal power generation fuel. The company is also aiming to recycle used plastics to generate hydrogen, petrochemical products such as ethylene, propylene and aromatics, as well as propane, targeting commercial operations by 2027.

Iwatani sold 67mn m³ of liquified hydrogen in 2020-21, up by 13.6pc from 2017-18.


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