Sojitz Corporation’s Post

[News Release]   Sojitz Contributes Funding to Start-up Developing Next-generation Shipbreaking Technology －Recycling Scrap Steel Recovered in the Shipbreaking Process to Contribute to the Realization of a Decarbonized and Circular Society－   Sojitz Corporation (“Sojitz”), Circular Maritime Technologies International B.V. (“CMT”), a Netherlands-based start-up currently developing next-generation shipbreaking technology, and Jansen Recycling Group (“Jansen”), a ferrous and non-ferrous metals recycling company, have concluded a strategic partnership agreement for the joint development of a new technology that aims to automate, accelerate, and reduce labor needs in the shipbreaking process. In addition, Sojitz has contributed funding for verification testing of the new technology. By increasing the number of shipbreaking yards that comply with Europe’s strict environmental regulations and efficiently recovering high-quality scrap steel, Sojitz, CMT, and Jansen aim to contribute to the steel industry’s ongoing transition to the use of large-scale electric arc furnaces to achieve low-carbon manufacturing of steel products.   Read the full article here. https://lnkd.in/gwGMWdHw

[News Release]   Sojitz Expands Seafood Products Value Chain in the U.S. through Acquisition of Sushi Avenue’s Takeout Sushi Business and Establishment of MF America －Partnering with Marine Food’s New Overseas Base to Enter the Diversifying U.S. Sushi Market－   Sojitz Corporation (“Sojitz”) has acquired all takeout sushi businesses of Sushi Avenue Inc. (“Sushi Avenue”) via Sojitz Corporation of America, a fully owned subsidiary of Sojitz. Sushi Avenue operates a supermarket takeout sushi business with over 300 retail locations in the Midwest and across the greater U.S. Sojitz will leverage its procurement and product development capabilities developed through its longstanding seafood products business mainly in Japan as it partners with The Marine Foods Corporation’s new overseas base, MF America LLC, to enter the sushi business in the growing U.S. market, which is characterized by diversifying consumer demand. In doing so, Sojitz aims to further expand its seafood products value chain.   Read the full article here. https://lnkd.in/g9W7DCyv

[Information]   Sojitz Publishes Integrated Report 2024   Sojitz Corporation has published Integrated Report 2024. For this year’s report, Sojitz made broad revisions to its editorial policy with the aim of enhancing the timeliness, appropriateness and transparency of its disclosures.   Read the full article here. https://lnkd.in/guyGv8WK

[News Release]   Toshiba, Sojitz and CBMM Unveil an Ultra-Fast Charging Electric Bus Prototype Powered by Next-Generation Lithium-ion Batteries with Niobium Titanium Oxide Anodes －Now in demonstration operations at CBMM’s industrial plant in Araxá, Brazil, further paving the way to battery commercialization－   Araxá, Brazil and Tokyo, Japan – Toshiba Corporation and Sojitz Corporation of Japan, and Brazil’s CBMM, the world’s leading producer of niobium, have completed development of a next generation lithium-ion battery that uses niobium titanium oxide (NTO) in the anode. They today held an opening ceremony and unveiled a prototype E-bus powered with the new battery, which realizes an ultra-fast charge time of around 10 minutes and delivers high energy density. The bus has started testing and demonstration operations at CBMM’s industrial plant in Araxá, Brazil.   Read the full article here. https://lnkd.in/gVSPJ_RM

[News Release] Sojitz, Sembcorp and Kyushu Electric Sign Term Sheet to Supply Green Ammonia from India to Japan Sojitz Corporation, Kyushu Electric Power Co., and Sembcorp Green Hydrogen Pte. Ltd., a wholly-owned subsidiary of Sembcorp Industries, leading energy provider in Asia, have signed a term sheet on June 6, 2024, for the supply of green ammonia produced in India to Japanese off-taker. Each company intends to develop the term sheet into a legally binding document at a later stage. Read the full article here. https://lnkd.in/deGc-BVv

[Topics]   Sojitz Corporation Concludes Capital and Business Tie-Up with SDG Impact Japan to Partner on Global Warming Solutions and Low-Carbon Businesses   Sojitz Corporation and SDG Impact Japan Inc. have entered into a capital and business tie-up to jointly pursue global warming solutions and advance low-carbon businesses. Under this agreement, the two companies will explore collaboration to generate carbon credits for renewable energy projects in developing countries, with a view to utilize Japan’s Joint Crediting Mechanism, as well as to partner on decarbonization and circular economy-related start-up investments and incubations.   Read the full article here. https://lnkd.in/g5niYhDk

[News Release]   Sojitz Concludes Joint Venture Agreement to Enter the District Cooling Business in Saudi Arabia －Contributing to Regional Decarbonization through Supply of Cooling Services－   Sojitz Corporation (“Sojitz”) and FAS Energy for Trading Company LLC, a power and energy business owned by Saudi FAS Holding, have concluded a joint venture agreement to establish a local subsidiary through joint investment. Sojitz aims to develop the district cooling business in Saudi Arabia through this agreement, beginning with projects such as providing cooling services to real estate constructed by the Saudi FAS Holding group. This joint venture marks Sojitz’s first foray into the district cooling business in Saudi Arabia.   Read the full article here. https://lnkd.in/gaCbHHeK

[Topics]   Sojitz Corporation and Ginkgo Bioworks Announce Plans to Use Synthetic Biology R&D Services to Accelerate Sustainable Manufacturing in Japan – Sojitz intends to use its extensive network to help Ginkgo foster business connections within the Japanese bioeconomy – Sojitz Corporation, a Japanese general trading company with extensive networks within the Japanese bioeconomy, and Ginkgo Bioworks (NYSE: DNA), which is building the leading platform for cell programming and biosecurity, today announced that they have entered into a binding definitive agreement. Together, Sojitz and Ginkgo aim to build connections with key Japanese businesses and encourage the use of synthetic biology to develop sustainable production processes.   Read the full article here. https://lnkd.in/dXqTmuis

[News Release]   Royal Holdings, Choushimaru, and Sojitz Establish Joint Venture in the U.S. －Creating New Value through Tri-Company Collaboration in the U.S. Restaurant Industry－   Royal Holdings Co., Ltd. (Head Office: Fukuoka-shi, Fukuoka; Representative Director: Masataka Abe), Choushimaru Co., Ltd. (Head Office: Chiba-shi, Chiba; Representative Director: Mitsuru Ishida), and Sojitz Corporation (Head Office: Chiyoda-ku, Tokyo; President & COO: Kosuke Uemura) have partnered together to conclude a joint venture agreement and established a new joint venture company in the U.S.   Read the full article here. https://lnkd.in/gzY4gbsb