TOKYO: Toyota Motor Corp. said Friday it will provide funding to an investment fund that aims to help build a hydrogen supply chain at an early time.

Such firms as Iwatani Corp., MUFG Bank, Sumitomo Mitsui Banking Corp. and Bank of Fukuoka also plan to invest in the Japan Hydrogen Fund.

The leading Japanese automaker said it will contribute to the early establishment of a society that uses hydrogen as a major energy source.

Run by Advantage Partners Inc., Sumitomo Mitsui DS Asset Management Co. and the public-private Japan Hydrogen Association, the fund focuses on investments in hydrogen production, storage, distribution and utilization chiefly in the Indo-Pacific Economic Framework for Prosperity area covering Japan and 13 other countries.

JIJI Press