While countries such as Japan have set a goal of virtually zero greenhouse gas emissions by 2050, major trading companies have set up new departments to create businesses related to decarbonization. There is an active movement to focus on the "carbon business."
Of these, Sumitomo Corporation will establish an in-house organization, "Energy Innovation Initiative," next month, aiming for new businesses aimed at realizing a carbon-free society.
This organization will consolidate businesses related to decarbonization, which were previously divided into multiple departments, such as the production and utilization of hydrogen, which is expected to be the next-generation energy, and the development of large storage batteries, to create new businesses. I'm trying to connect.
Shingo Ueno, Vice President of Sumitomo Corporation, said, "We would like to make a great presence in the field of decarbonization by taking advantage of the diverse businesses that are the strengths of a trading company and the business relationships that we have cultivated so far."
In addition, at a major trading company, Mitsui has invested in a British company that is developing technology to collect carbon dioxide and store it underground, and is considering expanding its business in Japan. Mitsubishi Corporation is promoting the spread of electric vehicles. There is an active movement to focus on the "decarbonization business", such as the entry of a new bauxite mine business in Australia, which is expected to grow in demand.