Energy Transformation (EX)

Our business unit aims to contribute to the creation of a society full of prosperity and dreams by building a decarbonization & recycling energy system, and finally achieving a sustainable carbon cycle. We do this by accelerating business development efforts in the next-generation energy field and driving the energy transformation business of our organization (i.e., Energy Innovation Initiative Business), while leveraging our power infrastructure business platform (i.e., Power Infrastructure Business), and further expanding our trade & business development of natural gas, LNG, and other gas-related energy commodities (i.e., Energy Business) via our presence in the Asia & Oceania region.

Energy Innovation Initiative (EII)
Our EII business aims to accelerate energy transition via project implementations in the fields of Carbon-Free Energy (e.g., hydrogen, ammonia, next generation bio energy value chain), Carbon Management (e.g., methanation, forestry, carbon credit and carbon capture), and New Power & Energy Service Development (e.g., green electricity platform).

Power Infrastructure
We provide global power infrastructures that meet the needs of each country, region and society, thus contributing to the development of local communities and industries in Asia & Oceania. We invest in both greenfield and brownfield large-scale Independent (Water and) Power Plant (“I(W)PP”) projects, and provide Engineering, Procurement & Construction (“EPC”) works for power-related facilities. We are also steadfast in exploring opportunities in the business fields of renewable and next-generation electricity.

Energy
We are responsibly growing our oil & gas ventures, while also leveraging our expertise from such conventional sectors to innovate in new energy endeavors. Through our partnership with Yinson, we have dabbled in Floating, Production, Storage and Offloading (“FPSO”) leasing businesses in Ghana and Brazil. We aim to bolster the maritime sector by investigating LNG bunkering opportunities in the Asia & Oceania region. With increasing focus on maritime decarbonization, we also strive to facilitate the supply and adoption of ammonia as a next generation maritime fuel at key bunkering nodes like Singapore. In pursuit of energy security, we remain committed to fostering the growth of gas value chain enterprises in emerging markets in Southeast and South Asia.

Featured

[Energy Innovation Initiative]
In Victoria (Australia), Sumitomo Corporation and partners aim to commercialize and supply hydrogen from gasified Latrobe Valley Coal (brown coal) and CO2 capture & storage (CCS), with the Green Innovation Fund, an initiative of NEDO

[Energy Innovation Initiative]
Summit Forests started its New Zealand operations in 2013 and is now the seventh largest forestry business in New Zealand with over 50,000ha of forestry. The estate is spread throughout iconic landscapes in Northland, the Coromandel, Whanganui, and the Gisborne and East Coast regions. We also have an office in central Auckland city. Summit’s main areas of business include harvesting, exporting logs and private woodlots, and investing in New Zealand forestry assets for the future

[Power Infrastructure]
Sumitomo Corporation, together with J-Power, has owned and operated the 792MW Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Project in Laguna (Philippines) since 2005, under a Build-Rehabilitate-Operate-Transfer scheme

[Power Infrastructure]
Sumitomo Corporation has developed and operated the 1,432MW Van Phong 1 Coal-Fired Power Plant in Khanh Hoa province (Vietnam), under a Build-Operate-Transfer scheme. The plant started commercial operations in end 2023

[Power Infrastructure]
Sumitomo Corporation Group engages in and promotes clean energy business, such as distributed solar power generation, large-scale solar power projects, energy retail. Within the industrial parks owned by the group, we are expanding roof top solar business to support energy transition of tenant companies

[Energy]
Sumitomo Corporation has worked with Yinson in the co-ownership of FPSO John Agyekum Kufuor at Offshore Cape Three Points Block (Ghana)

[Energy]
Sumitomo Corporation has worked with Yinson in the co-ownership of FPSO Anna Nery at Marlim in Campos Basin (Brazil)

[Energy]
As part of a Singapore ammonia bunkering feasibility study, Sumitomo Corporation has obtained an approval-in-principle for the preliminary design of an ammonia bunker vessel

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