Sojitz
Summary
Sojitz Corporation (“Sojitz”) has entered into a Memorandum of Understanding (“MOU”) with Keppel Ltd. (“Keppel”), a global asset manager and operator headquartered in Singapore, to form a strategic alliance with the intention to jointly pursue energy solution business opportunity and the development of a biofuel supply chain in Asia-Pacific.
Keppel has strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity. Listed on the Singapore Exchange (“SGX”), Keppel operates in over 20 countries worldwide, providing critical infrastructure and services for renewables, clean energy, decarbonization, sustainable urban renewal and digital connectivity.
Under this strategic alliance, Sojitz and Keppel will explore collaborations in the Asia-Pacific region in the energy solution businesses, such as district cooling systems, which have lower CO2 emissions compared to individual air conditioning systems, and in the biofuel business, including the production and distribution of SAF*1 and bioethanol.
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