11 Japanese Company Builds Hydrogen Station for Cars

Tokyo - 11 Large Japanese companies, ranging from Toyota, Honda, Nissan, Idemitsu and other companies signed a cooperative agreement to build large-scale hydrogen filling stations.

The 11 major Japanese companies are Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., JXTG Nippon Oil & Energy, Idemitsu Kosan Co., Ltd., Iwatani Corporation, Tokyo Gas Co., Ltd., Toho Gas Co., Ltd., Air Liquide Japan Ltd., Toyota Tsusho Corporation and Development Bank of Japan Inc.

With the memorandum of understanding, these companies are increasingly accelerating the construction of hydrogen stations. Japan itself targets to have 160 hydrogen charging stations and 40,000 units of hydrogen vehicles in Japan in fiscal year 2020.

Later, the 11 companies will form a new company by 2017. The company will take care of all sorts of things about the construction of hydrogen stations.

Hydrogen car is considered as one of the alternative environmentally friendly cars. When other green cars such as electric cars are considered too difficult to commercialize, hydrogen cars are considered more easily developed.