TOKYO May 19 Japanese companies including JXTG
Nippon Oil & Energy and Toyota Motor said on
Friday they aim to set up a joint venture this year to expand
the nation's fuel station network for hydrogen fuel cell
Japan is betting heavily on becoming a "hydrogen society"
despite the high costs and technical difficulties. Last year,
the government set a goal to have 160 commercial hydrogen
stations by 2020/21 and 320 stations by 2025/26.
Japan currently has about 90 stations, of which 40 are
operated by JXTG Nippon Oil. A spokesman for JXTG Nippon Oil
said the new venture will aim to achieve the government's goals.
Other companies involved in the venture include Nissan Motor
, Honda Motor, Idemitsu Kosan, Iwatani
Corp, Tokyo Gas, Toho Gas, Toyota
Tsusho and Development Bank of Japan.
(Reporting by Osamu Tsukimori; Editing by Tom Hogue)