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Providing equity capital and liability guarantees for the production and storage of decarbonized fuels (hydrogen, ammonia, and synthetic fuel)
Providing equity capital and liability guarantees for the production and storage of decarbonized fuels (hydrogen, ammonia, and synthetic fuel)
Plan：
We have begun to provide equity capital and liability guarantees for overseas production-/ liquidization-/ storage- facilities and domestic facilities for receiving-/ storage- and production- of decarbonized fuels. The subjects that we will support are broadly expanded: we now support decarbonization of fossil fuel-derived (blue) hydrogen and ammonia by CCS conducted as usual, and will now also offer financial and technical support to facilities for producing renewable energy-derived (green) hydrogen and ammonia and synthetic fuel (which is a chemical compound of CO2 and H). Furthermore, we will promote the utilization of various energy sources including relatively evenly distributed lignite-derived hydrogen and ammonia and we will conduct a social implementation study of hydrogen production using geothermal energy.
Current Status：
With the enforcement of the revised JOGMEC Law on November 14, 2022, we have added support services for providing equity capital and liability guarantees for the production and storage of hydrogen and others. In addition, we will also provide support for feasibility evaluations and technical verification as an ancillary service to this support service.
In order to actively promote the use of these new support services, a "Seminar for Explanation of the Scheme for Hydrogen and CCS Support Services" was held for industry associations in December 2022.
We have begun to provide equity capital and liability guarantees for overseas production-/ liquidization-/ storage- facilities and domestic facilities for receiving-/ storage- and production- of decarbonized fuels. The subjects that we will support are broadly expanded: we now support decarbonization of fossil fuel-derived (blue) hydrogen and ammonia by CCS conducted as usual, and will now also offer financial and technical support to facilities for producing renewable energy-derived (green) hydrogen and ammonia and synthetic fuel (which is a chemical compound of CO2 and H). Furthermore, we will promote the utilization of various energy sources including relatively evenly distributed lignite-derived hydrogen and ammonia and we will conduct a social implementation study of hydrogen production using geothermal energy.
Current Status：
With the enforcement of the revised JOGMEC Law on November 14, 2022, we have added support services for providing equity capital and liability guarantees for the production and storage of hydrogen and others. In addition, we will also provide support for feasibility evaluations and technical verification as an ancillary service to this support service.
In order to actively promote the use of these new support services, a "Seminar for Explanation of the Scheme for Hydrogen and CCS Support Services" was held for industry associations in December 2022.
Direction of support strengthening (Image)
Source: created by JOGMEC based on materials from the release of the Ministry of Economy, Trade and Industry
(Further information)
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