Japanese Companies Unite for Billion-Dollar Hydrogen Supply Chain Investment.
In a significant move towards bolstering Japan’s hydrogen supply chain infrastructure, a coalition of more than 400 Japanese companies and organizations has announced plans to establish a $1 billion fund. The initiative, set to be launched as early as the fiscal half ending September, aims to prioritize investments among the countries participating in the Indo-Pacific Economic Framework (IPEF).
The fund will be operated primarily by the Tokyo-based private equity firm Advantage Partners, and it will focus on supporting the production, storage, and safe transportation of hydrogen. This strategic move is seen as a crucial step in enhancing Japan’s energy security and accelerating the nation’s transition towards a more sustainable, green energy future.
The participating companies, which include industry leaders such as Iwatani, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group, have formed the Japan Hydrogen Association to oversee the management and distribution of the fund’s investments.
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Japanese Companies Unite for Billion-Dollar Hydrogen Supply Chain Investment. source
