Cosmo Oil Leases First Unit of Nissan's X-TRAIL FCV

Tokyo - Cosmo Oil Co., Ltd. today announced that it has leased the first unit of the X-TRAIL FCV fuel cell vehicle manufactured by Nissan Motor Co., Ltd. Nissan delivered the vehicle to Cosmo Oil today in a ceremony held at the JHFC Yokohama-Daikoku Hydrogen Station.

Nissan X-TRAIL FCV

Cosmo Oil intends to use the hydrogen-powered X-TRAIL FCV to obtain useful information about how the hydrogen supply infrastructure should be configured. The company will utilize that information in developing and implementing hydrogen supply technologies and supply facilities from the standpoint of customers who use hydrogen energy.

As a comprehensive energy company, Cosmo Oil has consistently developed its energy supply business to match customers' needs that continually change with the times. Moreover, with the aim of being an environmentally advanced company, Cosmo Oil is engaged in the development and supply of clean energy sources as part of its efforts to reduce the impact on the global environment and to promote environmental protection.

Nissan has been moving ahead with comprehensive environmental protection efforts, encompassing products, technologies and recycling activities, under the Nissan Green Program 2005, a medium-term environmental action plan. Nissan is engaged in wide-ranging research and development activities aimed at popularizing the use of FCVs and has been conducting public-road driving tests in Japan since 2002 using prototype FCVs approved by the Minister of Land, Infrastructure and Transport. The vehicle delivered to Cosmo Oil today is the first Nissan FCV to be leased to a customer.

Both Cosmo Oil and Nissan are participating in the Japan Hydrogen & Fuel Cell Demonstration (JHFC) Project* and are developing and accumulating technologies for building a hydrogen energy society in the future. The two companies intend to broaden their relationship beyond that of the marketer and user of FCVs and undertake joint research and development work on hydrogen fueling, representing the interface between hydrogen supply and use.

*Japan Hydrogen & Fuel Cell Demonstration (JHFC) Project

This project consists of the Demonstration Study of Hydrogen Fueling Facilities for Fuel Cell Vehicles, being conducted by the Engineering Advancement Association of Japan, and the Fuel Cell Demonstration Program, being conducted by the Japan Automobile Research Institute. These demonstration activities are included in a support project for "empirical and other research on solid high-polymer fuel cell systems" sponsored by the Ministry of Economy, Trade and Industry.

Major Specifications and Lease Price of the X-TRAIL FCV

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