Energy Transformation Business Group
Business Lines
- Carbon-free energy related businesses such as hydrogen, ammonium, and next-generation bioenergy
- New power and energy services businesses such as the large-scale energy storage business and green power platform business
- Environmental value creation businesses such as forestry, as well as methanation*1, CCS*2, carbon credit and other businesses related to carbon dioxide (CO2) capture, storage and utilization.
- Global power infrastructure businesses such as I(W)PP*3 including renewable energy, as well as EPC*4 business, electricity retail in Japan and energy management
- Floating production storage and offloading system (FPSO) and maritime infrastructure business development for low carbon solutions
- Bunker fuel and lubricant supply
- Business development and origination for low and zero carbon bunker fuel
- LNG project, city gas distribution
- Natural gas, power and environmental product trade (United States and UK/EU)
- LNG trade (global)
- Power balancing trade (Japan)
- LPG business development
- Methanation: A technology in which the greenhouse gas, CO2 is taken and synthesized with hydrogen (H2) from water electrolysis to produce methane (CH4).
- CCS: Carbon capture and storage. A technology which isolates and traps CO2 in an underground or seabed site.
- I(W)PP: Independent (water and) power producer
- EPC: Engineering, procurement, and construction
Business Overview
The Energy Transformation Business Group will contribute to the creation of a society full of prosperity and dreams by building a decarbonization and recycling energy system and achieving a sustainable carbon cycle.
We will accelerate business development in the next-generation energy field and drive the energy transformation business of the Sumitomo Corporation Group as a whole, while leveraging our power infrastructure business platform in Japan and overseas, and further expanding the trade and business development of natural gas, LNG, and others on a global scale.
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Organization
Energy Transformation Business Group
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Energy Transformation Business Group CFO Office
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![]() Group CEO, Energy Transformation Business Group |
Energy Innovation Initiative SBU
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Japan Energy Solution SBU
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Overseas Energy Solution SBU
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Indonesia Energy Solution SBU
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Gas Value Chain SBU
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Maritime Energy Solution SBU
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Energy Transformation Business Group
- Apr. 15, 2024
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Sumitomo Corporation to make primary investment in a Singapore platform to enter city gas business in India
- Mar. 13, 2024
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Enviva's announcement on their filing of Chapter11 Bankruptcy Code
- Jan. 11, 2024
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Conclusion of Japan's Largest Comprehensive Solar Carport and On-site Solar Corporate PPA Contract
- Dec. 26, 2023
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Retirement of Coal Fired Power Plant Operation at Onahama Power Station
- Dec. 14, 2023
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THE CONSORTIUM OF EDF - TOTALENERGIES - SUMITOMO CORPORATION ENTERED INTO JOINT DEVELOPMENT AGREEMENT WITH THE GOVERNEMENT OF MOZAMBIQUE FOR THE 1,500 MW MPHANDA NKUWA HYDROPOWER PROJECT
TOPICS(Energy Transformation Business Group )
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Jun. 28, 2024
Sumitomo Corporation of Americas Diversifies into Distributed Energy with Solar and Storage Investment, Opportunity to Expand Globally
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May 24, 2024
Reconciliation Energy Transition Inc. and Sumitomo Corporation Group signs a Joint Development Agreement for the RETI East Calgary Region CCS project
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Apr. 09, 2024
JX to Join Forces with Sumitomo Corporation at Large Scale SAF/BECCS Project in Louisiana