Energy Transformation (EX)
Our business unit aims to contribute to the creation of a society full of prosperity and dreams by enhancing energy security while pursuing a decarbonisation & recycling energy system and finally achieving a sustainable carbon cycle. We do this by accelerating regionally tailored business development aligned with local energy needs and market characteristics in the next-generation energy field and driving the energy transformation business of our organisation (i.e., Energy Innovation Initiative Business), while contributing to the stable and reliable supply of energy by leveraging our power infrastructure business platform (i.e., Power Infrastructure Business), and further expanding our trade & business development of natural gas, Liquefied 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 bioenergy), Carbon Management (e.g. methanation, forestry, carbon credit, Carbon Capture, Utilisation, and Storage (CCUS), lower-carbon floating energy solutions), 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. Our business spans the full power value change from greenfield and brownfield large-scale Independent (Water and) Power Plant (I(W)PP) projects to an increasing focus on midstream and downstream businesses aligned with local energy needs. Moreover, we are steadfast in exploring business opportunities in the fields of renewable and next-generation electricity contributing towards a cleaner and sustainable future.
Energy
We provide overall energy value chain from upstream to downstream such as gas/LNG/liquefied petroleum gas (LPG) and next generation maritime fuel such as ammonia that meet the needs within our region. With increasing focus on maritime decarbonisation globally, we strive to facilitate the supply and adoption of ammonia as a next generation maritime fuel at key bunkering nodes like Singapore.
Featured
[Energy Innovation Initiative]
Sumitomo Corporation and AMPIN Energy Transition set up a green power platform in 2024 to co-develop and own renewable energy facilities for commercial & industrial electricity supply in India
[Energy Innovation Initiative]
A joint venture between Sumitomo Corporation and TruAlt Bioenergy Ltd. was formed to develop Compressed Biogas (CBG) plants for commercial use in automotives within the states of Maharashtra and Karnataka, India
[Energy]
Sumitomo Corporation has worked with Yinson in the co-ownership of FPSO Anna Nery at Marlim in Campos Basin (Brazil)
[Energy Innovation Initiative]
Summit Forests commenced its New Zealand operations in 2013 and has since grown to become the sixth largest forestry owner in the country, managing over 50,000ha of forest asset. The estate spans several of New Zealand’s iconic landscapes, including Northland, Coromandel, Whanganui, and the Gisborne regions, with its headquarters located in Auckland. Summit Forests’ core business focuses on forest management, with a strong emphasis on sustainability and ensuring the long-term value and resilience of its forest assets
[Power Infrastructure]
Sumitomo Corporation owns and operates the 1,320MW Van Phong 1 Power Plant in Khanh Hoa, Vietnam, under a Build-Operate-Transfer scheme. The plant began commercial operations in end 2023
[Power Infrastructure]
A joint venture comprising Sumitomo Corporation, AboitizPower, and J-POWER owns and operates the 797MW Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plant Complex in Laguna, Philippines
[Energy]
Sumitomo Corporation has secured an exclusive government grant by the Maritime and Port Authority of Singapore under the Maritime Innovation and Technology Fund (MINT Fund) to support the development of ammonia bunker vessel solutions for the Port of Singapore
[Energy]
Through Daigas SJ CGD Pte. Ltd., Sumitomo Corporation invested in a City Gas Distribution (CGD) business in India under the “THINK Gas” brand which has an extensive presence and coverage across the north-central and southern parts of the country
[Energy]
LNG Japan Corporation, an affiliated company of Sumitomo Corporation, established Sakura Indonesia Energy Co. Ltd. and acquired a 45% stake in PT Bayu Buana Gemilang, a primary supplier of industrial natural gas in Indonesia
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