In this research project, Nippon Steel Trading, which operates Rojana Industrial Park in Thailand, and Honda, which possesses fuel cell technology, will collaborate to research the feasibility and viability of the project with a goal to achieve widespread use of green hydrogen produced through solar power generation within the industrial park. Companies located in the park, will utilize the hydrogen for various applications such as a stationary fuel cell (FC) power station and for FC-powered trucks. This joint project has qualified for a FY2023 supplementary subsidy provided by the Japanese Ministry of Economy, Trade and Industry (METI) for the Global South Future-Oriented Co-creation Project.
The Thai government is preparing to implement specific energy policies, including the utilization of hydrogen, to achieve carbon neutrality by 2050. By combining the knowledge of Nippon Steel Trading pertaining to industrial park business and renewable energy business development together with Honda FC technology, the two companies will strive to contribute to the creation of an environmentally-responsible future society by forming a hydrogen ecosystem that encompasses the entire process from hydrogen production to utilization.
Outline of the joint research project
Explore the possibility of Nippon Steel Trading to produce hydrogen through solar power generation, store and transport the produced hydrogen within the Rojana Industrial Park.
Explore the possibility of Honda utilizing the hydrogen for stationary FC power stations and FC-powered commercial vehicles and spread the usage among companies located in the Rojana Industrial Park.
Research and verify the following items:
Verification of technical elements, research on related policies and regulations
Verification of business feasibility, exploring financing options, discussion of a business implementation framework and business models
Market research, discussion of plans for widespread use of hydrogen
Verification of greenhouse gas emission reductions to be achieved through this project
