TOKYO -- A consortium of 11 Japanese companies led by Toyota Motor and JXTG Holdings will jointly construct some 80 hydrogen fueling stations nationwide by March 2022, bringing down construction costs by concentrating investment.
In addition to Toyota and JTXG, Nissan Motor, Honda Motor, Tokyo Gas, oil refiner Idemitsu Kosan, industrial gas maker Iwatani, trading house Toyota Tsusho, the Development Bank of Japan and others will invest in a joint company to be established in the spring. The consortium expects the venture to last 10 years.
