Sábado, 19 Agosto, 2017

Toyota, Nissan, others get behind fuel cell push in Japan

Toyota, Nissan, others get behind fuel cell push in Japan Toyota, Nissan, others get behind fuel cell push in Japan
Malita Javier | 19 May, 2017, 23:59

Toyota, Nissan and Honda Motor are collaborating with seven other companies (JXTG Nippon Oil & Energy, Idemitsu Kosan Co, Iwatani Corporation, Tokyo Gas Co, Toho Gas Co, Air Liquide Japan, Toyota Tsusho Corporation and Development Bank of Japan) towards setting up hydrogen stations for fuel cell vehicles (FCVs) in Japan.

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Only a handful of such vehicles are on the roads at present, partly because of the scarcity of hydrogen stations.

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Tokyo-based Honda, for instance, has delivered only 245 of its latest Clarity fuel-cell vehicles in Japan and the US. The new company would aim to: 1) achieve steady construction of hydrogen stations by implementing measures to support hydrogen-station construction and operation, and 2) achieve wider use of FCVs and the independence of the hydrogen station business through activities for reducing costs, including governmental review of regulations, and activities for improving operational efficiencies, thus contributing to the realization of a hydrogen society in Japan. It aims to raise the number of hydrogen fueling stations to 160 by 2020, from about 90 today, including mobile ones.

(OXY) Receives "Hold" Rating from Scotiabank
The stock of Occidental Petroleum Corporation (NYSE:OXY) has "Underweight" rating given on Monday, September 12 by JP Morgan. It increased, as 37 investors sold UNH shares while 473 reduced holdings. 97 funds opened positions while 67 raised stakes.

Automakers and energy companies have been working together on fuel cells, viewing such collaboration on investing in the technology, including the infrastructure of hydrogen stations, and agreeing on standards as crucial for its success.

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