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JAPANESE COS TO STUDY HYDROGEN SUPPLY ROUTES FOR FUEL CELL CARS

Posted on: Tue, 04 Aug 2009 23:28:00 EDT

Symbols: NPOIF, OSGSF, TKGSF

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TOKYO, Aug 05, 2009 (AsiaPulse via COMTEX) --
TKGSF | Quote | Chart | News | PowerRating -- Nippon Oil Corp. (TSE:5001), Tokyo
Gas Co. (TSE:9531) and 11 other companies said on Tuesday that
they will conduct joint research with an aim to commercialize
technologies for supplying hydrogen to fuel cell vehicles by
fiscal 2015.

Other participants include Idemitsu Kosan Co. (TSE:5019),
Showa Shell Sekiyu KK (TSE:5002), Osaka Gas Co. (TSE:9532) and
Toho Gas Co. (TSE:9533). Automakers are said to be considering
joining the group.

The research alliance will conduct field trials by setting
up dozens of hydrogen stations across Japan. By using the oil
companies' hydrogen production facilities and the pipelines of
the gas companies, the group will research ways to transport
the fuel to filling stations in a stable manner at low cost.

Some of the stations are to be built in urban areas and on
highways, such as at existing gasoline-pumping depots. The
group hopes to eventually lower supply costs to levels
comparable to gasoline.

Fuel cell vehicles run on electricity generated through a
reaction between hydrogen fuel and oxygen in the air. Although
it is considered a promising Earth-friendly automotive
technology because vehicles do not emit any carbon dioxide
while running, the high cost of building the infrastructure to
supplying hydrogen fuel has hampered widespread use.

(Nikkei)maz

For full details on (NPOIF) NPOIF. (NPOIF) has Short Term PowerRatings at TradingMarkets. Details on (NPOIF) Short Term PowerRatings is available at This Link.

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