Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

Japan and the EU agree to work on creating hydrogen demand and supply.

image credit: world finance image credit: world finance
image credit: world finance image credit: world finance

Listen to the article now

According to a joint statement, Japan and the EU agreed on Monday to work together on clean hydrogen demand and supply strategies and fuel development technologies.
Japan wants to replace liquefied natural gas (LNG) with hydrogen to become carbon neutral by 2050, and Europe wants to phase out Russian fossil fuels.
Kadri Simson, European Commissioner for Energy, told reporters that “hydrogen will very soon be an internationally traded commodity, and close EU-Japan cooperation will be essential for promoting renewable and low-carbon hydrogen globally and ensuring that standards and regulations converge.”
Simson met with Japan’s economy, trade, and industry minister, Ken Saito, on Monday. They also hosted a Japan-EU hydrogen business forum with JERA, Tokyo Gas, Mitsui, and Iwatani officials.

The EU plans to produce 10 million metric tons and import 10 million tons of renewable hydrogen by 2030 to reduce carbon emissions, but it will need infrastructure to build demand.
“European energy policy prioritizes hydrogen, which will enable us to eradicate the last Russian fossil fuels. It will help decarbonize our industry over time, Simson said Monday.
99.5% of global plastics come from petroleum.

Germany, a major Russian gas buyer until the Kremlin sent troops to Ukraine in 2022, approved a measure last Monday to speed up hydrogen infrastructure, import, and manufacturing and reduce emissions.
Nikkei reports that Japan will spend 3 trillion yen ($19 billion) over 15 years to fund clean hydrogen generation.
On Monday, Japanese trading giant Itochu Corp. created a new tab to investigate the viability of a hydrogen and ammonia supply chain in Kitakyushu, southern Japan, a potential offshore wind hub.

 


Comment Template

You May Also Like

Business

MSG Networks has returned to Optimum after a nearly two-month blackout, restoring Knicks and Rangers coverage for frustrated fans. The new deal places MSG...

Business

Alphabet has introduced **Premium Lite**, a lower-cost YouTube subscription offering ad-free videos (excluding music). This move aims to expand YouTube’s subscriber base and reduce...

Business

India has been named the best solo travel destination for 2025 by Kensington, thanks to its rich culture, history, and diverse experiences. From the...

Business

Warren Buffett's Berkshire Hathaway has aggressively sold stocks, amassing a record $334 billion in cash. Major divestments include Apple and Bank of America, while...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok