Japan, South Korea to set up joint hydrogen, ammonia supply network - Nikkei | Inquirer Business

Japan, South Korea to set up joint hydrogen, ammonia supply network – Nikkei

/ 07:10 PM November 10, 2023

Japan Prime Minister Fumio Kishida

Japan Prime Minister Fumio Kishida speaks during a news conference at the prime minister’s official residence in Tokyo, Japan, Nov 2, 2023. Kiyoshi Ota/Pool via REUTERS/File photo

TOKYO  – Japan and South Korea will establish a joint supply network for carbon-neutral fuels such as hydrogen and ammonia, the Nikkei business daily reported on Friday.

Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol will announce the framework on Nov. 17 in the United States, where they are expected to join the Asia-Pacific Economic Cooperation (Apec) meeting, the paper said.


Japan and South Korea, both highly dependent on energy imports, plan to work together to negotiate prices and volumes, Nikkei said, and state-backed financial institutions would help companies to raise funds for hydrogen and ammonia projects outside Japan and South Korea.


No comment was immediately available from Japan’s trade ministry.

Japan’s Kishida visited the Middle East in July to promote cooperation in green and renewable energy, including hydrogen and ammonia supplies, which Japan wants to play a greater role in its energy mix to cut fossil fuel use.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: APEC, fuels, Japan, network, South Korea, supply

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.