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Recently, the Japanese government stated that it will allocate up to 370 billion yen (approximately 21.
8 billion yuan) from the Green Innovation Fund for two hydrogen projects to accelerate research and development and promote the use of hydrogen in the next 10 years.
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The Japanese government stated that the state-owned R&D organization New Energy and Industrial Technology Development Organization (NEDO) has begun accepting applications for two hydrogen projects
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One of the projects is worth RMB 17.
In December last year, Japan announced that by 2030, the country's hydrogen demand will be increased from the current 2 million tons per year to 3 million tons, and it will reach the target of 20 million tons by 2050