According to Asia Nikkei, Toyota Motor, JX Nippon Oil & Energy and other Japanese automakers and energy companies look to form a joint venture to establish hydrogen filling stations for fuel cell vehicles nationwide.
Until now, energy companies have tried to nuild such a network on their own, but they’ere far away from the japanese government goal.
Details of the proposed venture will be discussed by a Ministry of Economy, Trade and Industry council on fuel cells, whose members include Toyota, JX Holdings unit JX Nippon Oil, Honda Motor, Nissan Motor, liquefied petroleum gas supplier Iwatani and Tokyo Gas.
The members will seek support as well from manufacturers of fueling station equipments.
The Asia Nikei estimates that the investments in the venture may exceed 10 billion yen ($90.6 million).
The fueling stations opened by the venture would be run by the partner energy companies, with a help from the government, that would provide subsidies rather than direct investment.