Expansion of the Global Environmental Engineering Business

「Overseas: Invested in Heirloom, which is developing direct-air CO2 capture technology using limestone」

「With the external environment always in mind, the Company has identified “energy and materials” and “life sciences” as its principal business areas, combining its core competencies: technological development capabilities and the ability to assess technologies, engineering capabilities that solve problems, and project management capabilities that achieve overall optimization.」

「Against this backdrop, the business environment surrounding the Group requires the realization of carbon neutrality to be balanced with a stable energy supply.」

「Against this backdrop, the business environment surrounding the Group is changing significantly. While efforts to achieve carbon neutrality and transition to a decarbonized society are accelerating in response to climate change, balancing these efforts with a stable energy supply has once again become a challenge against the backdrop of the situation between Russia and Ukraine.」

「To accelerate initiatives under its vision for rebirth and the future, the Company announced a carbon-neutrality declaration effective 1 April of this year. It will contribute to the realization of a “2050 net-zero” society by applying digital innovation technologies to its comprehensive engineering capabilities.」

「To accelerate initiatives under its vision for rebirth and the future, the Company announced a carbon-neutrality declaration effective 1 April of this year. It will contribute to the realization of a “2050 net-zero” society by applying digital innovation technologies to its comprehensive engineering capabilities.」

「Meanwhile, in the global environmental business, the Company has positioned life sciences, next-generation power and carbon neutrality as its 3 pillars of growth and is laying the groundwork for future earnings expansion. In life sciences, in addition to repeatedly winning orders for pharmaceutical plants with significant social value, the Company decided to participate in a joint venture with Shionogi Pharma Co., Ltd. aimed at developing continuous manufacturing technologies for pharmaceutical active ingredients and intermediates and commercializing a contract development and manufacturing business using those technologies.」

「While securing reliable earnings from existing businesses, we will strengthen new businesses identified as growth areas, including renewable energy, hydrogen, the circular carbon economy, energy management and life sciences. By enhancing the added value of our business model through digital transformation, we will transform our business portfolio, establish a stable earnings base, and pursue sustainable growth and further enhancement of corporate value.」

「While securing reliable earnings from existing businesses, we will strengthen new businesses identified as growth areas, including renewable energy, hydrogen, the circular carbon economy, energy management and life sciences. By enhancing the added value of our business model through digital transformation, we will transform our business portfolio, establish a stable earnings base, and pursue sustainable growth and further enhancement of corporate value.」

「While securing stable earnings from existing businesses, the Group is strengthening new businesses in renewable energy, hydrogen, carbon circulation, energy operations optimization, pharmaceuticals and life sciences. By increasing the added value of its business models through digital transformation, it aims to transform its business portfolio, establish a stable earnings base, achieve sustainable growth and further enhance corporate value.」

「The Company is accelerating business development in green energy and the global environmental field, as well as digital transformation, and is transforming its business portfolio and earnings structure for sustainable growth while pursuing the redefinition of engineering value.」

「Under its medium-term management plan, the Company has redefined the value of the Group's engineering capabilities as providing EPC execution capabilities, optimization capabilities and the ability to implement new technologies in society. Based on this redefinition, it is pursuing commercialization in 3 strategic areas: clean-tech-based hydrogen and carbon-circulation businesses, utility businesses in the age of decentralization and data, and pharmaceutical and life sciences businesses.」

「In Japan, the Company is carrying out EPC work in the environmental field on flue-gas desulfurization facilities for coal-fired power plants and CO2 separation and capture demonstration facilities. In new energy, it is carrying out EPC work on one of the world's largest battery energy storage systems, multiple solar power generation facilities (mega-solar), and one of Japan's largest biomass power plants fueled by wood pellets, while considering entry into the offshore wind power sector, where a large market is expected in the future. For hydrogen supply chains, a demonstration project aimed at commercialization, conducted by the Next-Generation Hydrogen Energy Chain Technology Research Association established together with Mitsubishi Corporation, MITSUI & CO.,LTD. and Nippon Yusen Kabushiki Kaisha, is progressing steadily. Construction of a hydrogenation plant in Brunei and a domestic dehydrogenation plant has been completed, and demonstration operations are scheduled for 2020.」

「In Japan, the Company is carrying out EPC work on one of the world's largest battery energy storage systems, flue-gas desulfurization facilities for coal-fired power plants, CO2 separation and capture demonstration facilities, and solar power generation facilities (mega-solar). In new energy, EPC work is under way on one of Japan's largest biomass power plants fueled by wood pellets. In addition, a demonstration project aimed at commercializing a hydrogen supply chain, conducted by the Next-Generation Hydrogen Energy Chain Technology Research Association established together with Mitsubishi Corporation, MITSUI & CO.,LTD. and Nippon Yusen Kabushiki Kaisha, is progressing steadily.」

「In Japan, the Company is carrying out EPC work on one of the world's largest battery energy storage systems, flue-gas desulfurization facilities for coal-fired power plants, CO2 separation and capture demonstration facilities, solar power generation facilities (mega-solar), and food factories compliant with the latest food safety and hygiene standards. It has also completed construction of a food-sector research facility. In new energy, Japan's first bio-jet and diesel fuel production demonstration facility has been completed, while EPC work is under way on one of Japan's largest biomass power plants fueled by wood pellets.」

「In Japan, the Company has won orders for construction of one of the world's largest battery energy storage systems and is carrying out EPC work on flue-gas desulfurization facilities for coal-fired power plants, CO2 separation and capture demonstration facilities, solar power generation facilities (mega-solar), and food factories compliant with the latest food safety and hygiene standards. It has also completed construction of a food-sector research facility. In new energy, construction is under way on Japan's first bio-jet and diesel fuel production demonstration facility, scheduled for completion in the current fiscal year. In addition, the Next-Generation Hydrogen Energy Chain Technology Research Association, established together with Mitsubishi Corporation, MITSUI & CO.,LTD. and Nippon Yusen Kabushiki Kaisha, is steadily carrying out a demonstration project aimed at commercializing a hydrogen supply chain. The Company has also won an order for EPC work related to construction of one of Japan's largest biomass power plants fueled by wood pellets.」

「The Company will also focus on expanding its businesses in renewable energy, battery storage and energy storage, and environmental solutions in anticipation of the transition to a decarbonized society, as well as expanding into diverse fields, including pharmaceuticals and life sciences.」

「In addition to expanding its renewable energy, life sciences and other businesses, the Company is also working to establish new business models for the future, including through the use of big data and AI technologies.」

「Against this backdrop, the Group continues to make every effort to execute large-scale construction projects around the world in LNG, its core business. In addition to expanding its renewable energy and life sciences businesses, the Group is also working to establish new business models for the future, including through the use of big data and AI technologies.」

「② Expansion of the global environmental engineering business In new energy, the Company will pursue a combination of renewable energy, energy storage and battery storage, as well as entry into distributed power generation. In environmental, energy-saving and industrial equipment, it will expand low-environmental-impact and energy-saving technologies into the industrial equipment and metal resources sectors. In life sciences, it will contribute to earnings by pursuing business models in regenerative medicine and other areas.」