In Japan, the supply ability of SAF, Hydrogen, Ammonia, and e-fuel will reach enough level by 2030. (^^)/
Idemitsu (https://lnkd.in/gPfUAxsZ), Japan's 2nd sales oil retailer, decided to convert its seven oil refinery sites to SAF (Sustainable Aviation Fuel), H2, NH3, and e-fuel (synthesized fuel made of CO2 and H2). (^_-)-☆
It is a rational decision under climate change.(^^♪
Japan plans to induce SAF to a 1% supply by 2030, which means about 1.71 million tons of SAF would be needed.
Idemitsu will supply 0.5 million tons of that by 2030 in Chiba and Tokuyama sites, which the SAF produced by Idemitsu will occupy about 29%. ( ^^) _旦~~
Japan plans to supply 3 million tons of NH3 by 2030.
Idemitsu will produce 1 million tons of that in its Tokuyama site by 2030. ( ^^) _旦~~
Japan plans to supply 3 million tons of H2 by 2030.
Idemitsu will produce 0.01 million tons of Green H2 in Hokkaido by around 2030. ( ^^) _旦~~
Japan plans to induce e-fuel in the latter half of the 2030s.
Idemistu will produce the e-fuel in Hokkaido by the latter half of the 2020s. ( ^^) _旦~~
The challenge is a "price". Now, SAF is about 2 times the cost of jet fuel, and NH3 is about 2 times the cost of coal for thermal power plants."(-""-)"
The Japanese government has established a support scheme for the energy shift. SAF will be treated as a strategic domestic production promotional tax system in FY2024. (^_-)-☆
I expect other major players, ENEOS (the 1st sales oil retailer in Japan) and Cosmo (the 3rd of that), will catch up with the social demands as well. ( ^^) _旦~~
（Sorry for the Japanese article, but it is a remarkable action in Japan. I hope you make use of the information for your investment strategy in GX)
