Japan is one of the largest importers of hydrogen worldwide, and it’s betting big on clean hydrogen for its decarbonization, planning to spend over $20 billion over the next 15 years to subsidize its production and supply chain.
In addition to investing to increase local capacity, Japanese firms are also focusing on importing clean fuels, with an eye on North America and the United States specifically, where project developers are increasingly looking to South Korea and Japan as buyers.
Many Japanese companies are actively participating in clean fuels projects across North America, including hydrogen, ammonia, methanol, and biofuel projects.
Around 4% of all clean fuels projects in North America have one or more Japanese firms involved as co-developers, equity investors, or off-takers. The investments are mostly in the United States, and companies like Mitsubishi and Mitsui, which have a long history of US investments, are the most active.
Without committing to specific projects yet, developers like Sempra Infrastructure and 8 Rivers have signed MoUs with Japanese counterparts to promote the development of a clean energy supply chain, while others, like Intersect Power or Hydrogen Canada, are explicitly targeting Japan as an end market for their hydrogen products.
See a full list of North American projects with Japanese involvement.
