Feasibility Study on the receiving and distribution business of imported hydrogen in Chubu Region

Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Masayuki Hyodo), Chiyoda Corporation (Head Office: Yokohama City, Kanagawa Prefecture; President & COO : Masaji Santo), Toyota Motor Corporation (Head Office: Toyota City, Aichi Prefecture; President and Representative Director : Akio Toyoda), Japan Research Institute, Limited (Head Office: Shinagawa-ku, Tokyo; Representative Director, President and CEO: Katsunori Tanizaki), and Sumitomo Mitsui Banking Corporation (Head Office: Chiyoda-ku, Tokyo; President and CEO: Makoto Takashima) (collectively, “Joint Contractors”) have been appointed by the New Energy and Industrial Technology Development Organization (“NEDO”) to conduct a feasibility study on the receiving and distribution business of hydrogen in Chubu Region (“Study”). NEDO selected the Joint Contractors in the public offeriing for “Development of Technologies for Realizing a Hydrogen Society/Regional Hydrogen Utilization Technology Development/Hydrogen Production and Utilization Potential Research” and the Study is scheduled to be conducted during FY2021 and FY2022.