Marubeni Corporation

Joint Study Agreement for a Feasibility Assessment on BECCS in South Sumatra, Indonesia Summary: Marubeni and Japan Petroleum Exploration Co., Ltd. have entered into a joint study agreement with PT Pertamina, an Indonesian state-owned enterprise engaged in integrated energy, and its subsidiary PT Pertamina Hulu Energi to conduct a feasibility assessment on BECCS* at a pulp mill and nearby oil field area in South Sumatra Province, Indonesia. The Study will evaluate the feasibility of implementing BECCS by capturing CO2 emitted from biomass-fueled boilers for self-power generation at the pulp mill operated by PT. Tanjungenim Lestari Pulp and Paper, a Marubeni subsidiary in Indonesia. The captured CO2 would be injected and stored into synclinal aquifers in the northern Limau oil field, operated by the Pertamina group near the TEL factory. Through this Study, the parties aim to commence operations by 2030.   * BECCS (Bioenergy with Carbon Capture and Storage) is a technology that combines biomass power generation with CCS. Biomass power generation achieves net-zero CO₂ emissions as the amount of CO₂ captured by biomass equals the emissions during power generation. By combining this with CCS, which further reduces CO₂, the total amount of CO₂ captured and reduced can exceed the emissions, resulting in negative emissions.   Going forward: Marubeni has formulated its long-term vision on climate change in March 2021, and in its Mid-Term Management Strategy “GC2024,” green strategy is positioned as one of the basic policies for enhancing corporate value. CCS business represents a business opportunity to create a positive impact on climate change. Through the creation of new businesses via this Study, Marubeni aims to contribute to sustainable economic development in Indonesia. Click here to learn more: https://lnkd.in/gCzK87jH Click here for information on Marubeni's New Energy Business Development Department: https://lnkd.in/gqSu_69Q #Marubeni

Announcing the Upcoming Marubeni Gallery Exhibition “Beauty in Formality: Exploring the Marubeni Collection’s Noh Robes”   Marubeni is pleased to announce that the upcoming Marubeni Gallery exhibition “Beauty in Formality: Exploring the Marubeni Collection’s Noh Robes” will be held from September 25 to October 26, 2024.  This exhibition explores a key category within the 400-plus pieces of Marubeni’s textile collection: robes used in Noh, a traditional Japanese performing art with centuries of history. The most exquisite of these Noh robes, as well as Noh accessories and selections from the National Noh Theater’s Noh mask collection, are featured in this exhibition, which offers insight into the profound Japanese sense of beauty hidden within them. Click here to learn more: https://lnkd.in/g_WqvKys #Marubeni

Did you know that the "beni" part of Marubeni refers to a vibrant shade of red often used in Japanese textiles, our original industry? While we have greatly expanded our scope of business over the past 165 years, we still remember our roots every day. In fact, we remember them almost literally as we arrive at our Tokyo Head Office Building, which is surrounded by plants whose leaves, fruits, or flowers take turns showing us various shades of red throughout the year.  One we look forward to seeing every summer is the crepe myrtle, which blooms right in front of one of the building entrances. This tree is known as "sarusuberi" in Japanese for its bark, which is so smooth that it's said a monkey ("saru") trying to climb it would slide ("suberi") right off! Although pronounced "sarusuberi," its written name in Japanese (百日紅) comes from the ancient Chinese term for the tree, which translates to "a hundred days of vibrant red." We certainly appreciate how long the flowers of the crepe myrtle bloom during the hot days of Japanese summer, refreshing our eyes and reminding us of our long history. 

Opening of City Section of Sydney Metro City & Southwest project in New South Wales, Australia   Summary： Marubeni is an investor in NRT, which in December 2019 was awarded the operations contract of the Public Private Partnership for Sydney Metro City & Southwest Project, the next stage of the Sydney Metro North West Line Australia’s first fully-automated rail system. Marubeni is pleased to announce the commencement of the Chatswood to Sydenham metro service, which connects the Northwest to Sydenham via the central business district.   Going Forward： Growth in sustainable mass transit and urban rail projects is expected to continue in Australia, and Marubeni, as a trusted and long-term partner, will strive to expand the scope of its commitments to transportation and social infrastructure in Australia through the stable operation of ongoing projects and by exploring new business ventures.   Click here to learn more: https://lnkd.in/gyQQ9KUc　   Click here for information on Marubeni’s Infrastructure Project Division: https://lnkd.in/gMKTZ5fi　       #Marubeni

Thank you Agriculture by S&P Global Commodity Insights !

Marubeni enters into Mobile Lending Business in the Philippines   Summary: Marubeni has invested in AND Financing Corporation (AFC), a mobile lending company (a financial service provider using mobile apps) in the Philippines, jointly with Premium Group Co., Ltd. (Premium), an auto-mobility company. As a result of this investment, Marubeni and Premium will become the largest shareholders of AFC and AFC will become an equity method affiliate of both Marubeni and Premium from a subsidiary of AND Global Pte., a FinTech company in which Marubeni invested in December 2020.   Going Forward: AFC provides appropriate and unsecured loans to customers who have had difficulty using traditional financial services through its AI-based credit decision making system. Since AFC enables its customers to complete the entire process online, from application to screening and conclusion of contracts, through a smartphone application, consumers can smoothly and conveniently use the financial service. In addition, by leveraging Marubeni’s affiliate company AND Global’s FinTech solutions (mainly AI-based support systems for financial businesses) and Premium’s expertise in financial services for individuals, AFC will build a data-driven business model and promote the optimization and DX-oriented loan management processes.   Click here to learn more: https://lnkd.in/g-Gz7ZG7   Click here for information on Marubeni's Finance, Leasing & Real Estate Business Division: https://lnkd.in/g4gdEYbc #Marubeni

As valuable members of the Marubeni team, Marubeni Group companies enthusiastically pursue business opportunities around the world. Today, we’d like to shine the spotlight on Marubeni Metals & Minerals (Canada), Inc. (MMM).     MMM invests in and operates aluminum smelting businesses in the province of Quebec, Canada; sells aluminum to Marubeni America; and procures and supplies alumina, a raw material for aluminum. Designated as one of Canada’s critical minerals, aluminum is an invaluable metal that can be used as an alternative to plastic, contributing to the creation of a decarbonized society and circular economy. The industry has also been emphasizing the importance of environmentally friendly (green) production and utilization of aluminum.     MMM also owns a stake in Aluminerie Alouette Inc., the largest aluminum shelter in the Americas. Boasting an annual production capacity of approximately 630,000 tons, Aluminerie Alouette produces competitively priced and clean aluminum with extremely low carbon dioxide emissions by employing hydroelectricity. Through collaborations with Aluminerie Alouette and other partners, MMM will continue to work to enhance the smelter’s asset value through increasing production capacity, implementing further decarbonization initiatives, and updating equipment to enable more sustainable operations. 

Marubeni to Supply low-carbon Aluminum to FUJISASH Group based on Partnership with Rio Tinto   Summary: Marubeni has finalized the sale of low-carbon aluminum billets* to Fuji Light Metal Co., Ltd. and FUJISASH Co., Ltd., under a strategic collaboration agreement with global mining group Rio Tinto. The sale is for a batch of Rio Tinto’s RenewAl™ aluminum billet from its renewably-powered New Zealand aluminum Smelters (NZAS) to FUJISASH Group, which is committed to reducing carbon emissions throughout its supply chain and manufacturing process. This represents the first sale of RenewAL™ low-carbon aluminum billets in Asia, and will enhance environmental values and contribute to sustainable supply chains. *Billet: An ingot of aluminum that is cast, usually into a cylindrical shape, and cut for extrusion processing. It is extruded at high temperatures using an extruder to create tubes, bars, or shapes with various cross sections.   Going Forward: Since the announcement of the strategic collaboration agreement between Marubeni and Rio Tinto, an emerging demand for low-carbon aluminum and ESG related information has become evident in the value chains of several industries. Marubeni will continue to hasten the pace of cross-industrial collaboration among producers, trading companies, and building materials manufacturers to expand the range of applications of low-carbon aluminum, develop new products, and jointly undertake traceability initiatives for sustainable growth. Click here to learn more: https://lnkd.in/dMER_sWM Click here for information on Marubeni's Metals & Mineral Resources Division: https://lnkd.in/gTj8XWNf #Marubeni  

Marubeni to Acquire an Additional Stake in AIG Asia Ingredients Corporation, a Leading Vietnamese Supplier and Manufacturer of Food Ingredients and Packaged Food Products   Summary: Marubeni, through its wholly-owned Singapore-based subsidiary Marubeni Growth Capital Asia Pte. Ltd. (“MGCA”), acquired additional shares in AIG(ASIA INGREDIENTS GROUP) Asia Ingredients Corporation to further strengthen the strategic partnership between the companies following an initial investment made in October 2023. AIG is a leading supplier and manufacturer of food ingredients and packaged food products.   Since its initial investment, Marubeni has been a strategic business partner working with AIG on its long-term strategic plan, expanding its natural food ingredients portfolio and new business development initiatives. Through this collaboration, Marubeni has gained additional confidence in AIG’s strategy to build on its solid business foundation, extensive customer network, and high growth potential through portfolio expansion. Marubeni believes there is a strong alignment between the company and the strategic direction of its Next Generation Corporate Development Division which led it to further strengthen the strategic partnership with the acquisition of additional shares.   Going Forward: Marubeni established its Next Generation Corporate Development Division in 2022 to build a new growth portfolio. In Southeast Asia, one of the key areas of focus for MGCA has been the food products and food & beverage sector. Having AIG as a gateway investment, Marubeni is committed to supporting AIG’s growth strategy and to capture the growth of the food market in Southeast Asia and Vietnam. Click here to learn more: https://lnkd.in/g8JSStRG Click here for information on Marubeni's Next Generation Corporate Development Division: https://lnkd.in/g6QecMSN #Marubeni

We were excited to welcome 50 children of Marubeni Group employees to the "Marubeni Kids Project" event held last Friday, July 26. This annual event is an opportunity for employees' children to learn more about Marubeni and what their parents do at work. This year, the parent-and-child pairs explored various spaces in and around the Marubeni Tokyo Head Office Building, including the Marubeni Gallery, employee cafeteria, and outdoor areas, where they could try their hand at Marubeni-related trivia questions and activities.   One highlight was the activity session on Marubeni's social contribution activities, where parents and children worked together to consider solutions to social issues related to the Marubeni Foundation's grant activities, as well as learned about the natural environment of the Imperial Palace and Gardens, which are right across the street from our building, from a National Museum of Nature and Science researcher.  A unique aspect to this year's event was the participation of several local senior high school students as event staff. As part of the Tokyo Metropolitan Board of Education's "English Job Challenge" two-day internship program, Marubeni hosted these students the day before the event so they could learn more about the company and working in a global environment. Then, during the event, the students helped run the English language activity session, which simulated a trip around the world to discover what business the Marubeni Group does in each region.     We were glad to see all the participants enjoying the event, deepening their understanding of Marubeni, and becoming even greater Marubeni fans. Thank you to everyone who helped make the day a success!