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Renewable Energy

The deployment of renewable energy is expected to further increase with the introduction of promotion systems by national governments and local authorities, technological advancements and other developments. 
For renewable energy businesses, MC has set a target aiming to double renewable power generation capacity by the fiscal year ending March 2031 compared to the fiscal year ended March 2020 (from 3.3GW to 6.6GW). Embracing the trend that renewable energy will become the world's main energy source, MC's policy is to expand investment and initiatives from power generation to sales centered on renewable energy. This is exemplified by MC's purchasing the Dutch company Eneco in 2020. Eneco operates an integrated energy business that actively promotes the business development of renewable energy and cogeneration businesses. By combining renewable energy with digital technology,
MC aims to contribute to establishing a sustainable society. MC will do so by providing new value to customers, such as the adjustability of the supply and demand of energy depending on power usage, as well as contributing to the stable supply of energy by compensating for renewable energy, intermittency.

* A trait of renewable energy is that it cannot maintain a stable daily or hourly supply of energy due to environmental conditions.

Renewable Energy Projects

(As of September 30. 2021)
Country Power plant Fuel Net equity basis
(Net, 10,000 kW)
United States Nexamp Solar power 25.0
Mexico Eolica del Sur Wind power 19.8
Portugal Amper Solar power 1.2
France Toul-Rosières SAS1 Solar power 2.2
France Crucey SAS1 Solar power 1.4
France Massangis SAS 2 Solar power 0.8
France Ecotera/ Plaine de l’Escrebieux Wind power 0.6
France Ecotera/ Seuil de Bapaume Wind power 0.8
France Ecotera/ Basse Thierache Sud Wind power 1.2
France Ecotera/ Plateau d’Andigny Wind power 1.1
The Netherlands Luchterduinen Offshore wind power 6.5
The Netherlands Borssele 3/4 Offshore wind power 11.0
The Netherlands Other renewable energy projects owned by ENECO Solar power 133.2
Wind power
Offshore wind power
Biomass
Jordan Shams Ma'an Solar power 1.8
Philippines NLREC Wind power 2.2
Indonesia Star Energy Geothermal 7.9
Thailand and others Other renewable energy projects owned by EGCO Solar power 6.4
Wind power
Geothermal
Hydraulic power
Biomass
Thailand Impact Solar Group(ISL/ ISGT)   Solar power 1.6
Malaysia Gebeng Solar Solar power 0.3
Japan Kumamoto Aso Solar Solar power 0.2
Japan Onahama Solar Solar power 0.5
Japan Onahama/ Izumi Solar Solar power 0.2
Japan Nippon Paper Mega Solar Komatsushima Solar power 1.3
Japan Tahara Solar Solar power 2.8
Japan Nagasaki Tadewara Mega Solar Solar power 0.5
Japan Higashi Nozaki Solar Energy Solar power 0.7
Japan Kochi Solar Solar power 1.3
Japan JAMC Solar Solar power 2.1
Japan Akita Katagami wind farm Wind power 2.9
Japan MCPV Solar power 0.3
Japan MCKB Energy Services Solar power 0.9
Initiatives in Europe for the Promotion of Renewable Energy (Eneco)

The Dutch integrated energy company Eneco is operating power generation businesses, power and gas trading businesses, power and gas retail businesses, and district heating businesses focused in the Netherlands, Belgium, and Germany with renewable energy at its core. With a solid customer base that is the third largest in the Netherlands, Eneco has approximately 1.7 GW of renewable energy assets. Since 2007, Eneco has developed renewable energy ahead of its competitors and has established a position as a green brand by providing consumers with 100% green energy (including the use of green certificates) since 2011.Eneco is an innovative company that has set customer-focused services as an objective since very early on. In addition, Eneco has announced its One Planet Plan, which aims to achieve carbon neutrality by 2035, covering CO₂ emissions not only from its own activities (Scope 1/2) but across its value chain (Scope 3) as well, which includes electricity, gas, and heat retailing to businesses and households. Eneco is also recognized both domestically and internationally as a company actively working toward measures to address climate change.

MC and Eneco, have contributed to the deployment and expansion of renewable energy in Europe, working together on three European offshore wind projects (1.23 GW) along with Europe's largest electricity storage project (50 MW). MC aims to contribute to the establishment of a sustainable society through the simultaneous realization of the three types of value—economic, societal and environmental —
by utilizing Eneco's technology and expertise to accelerate the development of renewable energy inside and outside of Europe. Also, by combining Eneco's customer base and MC's various products and services, MC aims to improve services related to energy management for Eneco's customers and to achieve growth through the business model outlined in Midterm Corporate Strategy 2021.

The electric power business is facing a transition period brought about by the increase in small-scale decentralized power sources and developments in storage batteries and digital technology that have arisen with the dissemination of renewable energy. Under such circumstances, MC, along with its partner Chubu Electric Power, aims to contribute to solving societal issues such as the transition to a low-carbon society and the preservation of the global environment. Both companies will do so by supporting the infrastructure of people’s lives through the growth of the innovative integrated energy company Eneco, which provides customer-focused services that utilize renewable energy development along with digital technology.

 

Japan’s First Long-term Corporate PPA for Amazon

MC has signed a long-term Corporate Power Purchase Agreement (Corporate PPA) with Amazon. Facilitated by MC Retail Energy Co., Ltd., this Corporate PPA represents Amazon’s first use of renewable energy in Japan. Under the agreement’s terms, West Holdings Corporation will build and maintain roughly 450 solar power stations (with a total installed capacity of approximately 22 megawatts) for Amazon and supply the online retailer with wholesale electricity. MC subsidiaries Mitsubishi Corporation Energy Solutions Ltd. and ElectroRoute will also be involved. The former will manage construction of the solar power facilities and provide tech support, while the latter will forecast the facilities’ outputs and hedge power generation imbalances.

* Investments to hedge costs incurred through supply-demand imbalances that occur when solar power outputs fail to match their original forecasts.

Hydro Power Alliance in Hokkaido’s Donan Region

Hokkaido Electric Power Company (Hokuden) and MC established a new joint venture in November 2021 that will be dedicated to hydroelectric power generation. The company, Donan Hydroelectric LLC (Donan Hydro), will be headquartered in Hakodate City, Hokkaido Prefecture. In conjunction with the new joint venture’s establishment, Hokuden and MC have also agreed to form a hydroelectric power alliance that will service Hokkaido’s Donan region.
Our alliance will begin by Hokuden replacing in stages five existing power plants in Southern Hokkaido Prefecture, with Donan Hydro managing their operations thereafter. The five plants that will be replaced are all located in the Donan region. They include four that are directly owned by Hokuden (Nanae Power Station, Isoyagawa Daiichi Power Plant, Isoyagawa Daini Power Plant, and Ainumanai Hydro Plant), and one owned by Hokuden’s subsidiary Eco Energy Corporation, Ltd. (Ono Power Station).
Our alliance will combine Hokuden’s long-established expertise in hydro power generation with MC’s global know-how in renewable energies, thereby enabling both efficient replacements of the existing facilities and long-term stability of the new plants’ operations.

Supply Lawson Stores with Renewable Energy through Off-site PPA

MC and Lawson, Inc. (Lawson) have launched a new collaboration in the supply of renewable energy to Lawson convenience stores. This project’s solar facilities will rank among the largest in Japan built through an off-site PPA. The project also satisfies the conditions for carbon-offset additionality and will contribute to global growth in the use of renewables.

* Long-term power-purchase agreement through which new renewable-power-generation facilities are constructed in remote locations and the electricity generated by them is conveyed to the customers using existing power-transmission-and-distribution networks.

  • Lawson will use renewables to power approximately 3,600 of its stores in the Kanto-Koshin District and the prefectures of Gifu, Shizuoka, Aichi and Mie.
  • MC will contract the construction of new solar-power facilities to West Holdings Corporation and supply the electricity generated by those facilities to Lawson’s stores.
  • The total installed capacity of the facilities will be approximately 45 MW (enough to satisfy the electricity demands of roughly 9,000 households).
  • Supply of the electricity will commence in April 2022.
  • In the future, MC and Lawson plan to increase this supply of renewable energy to approximately 8,200 stores across Japan.

Power Transmission Businesses

For the offshore wind business, which is expanding in Europe, the offshore power transmission cables that connect offshore wind power generation facilities to the onshore power grid are essential. In the UK, MC entered the offshore power transmission business that supports the proliferation of the offshore wind business at an early stage, and has established a firm position in the industry.

Power Transmission

(As of September 30. 2021)
Country Portfolio asset Transmission capacity
(10,000 kW)
MC’s share Cable route length (Onshore/ offshore km)
UK Walney 1 18.4 50% 48
Walney 2 18.4 50% 48
Sheringham Shoal 31.5 50% 45
London Array 63 50% 55
Burbo Bank Extension 25.8 50% 35
Race Bank 57.3 51% 83
Galloper 35.3 51% 46
Walney Extension 66.0 51% 73
Hornsea One 121.8 20% 183

Distributed Power Supply Business in Off-Grid Regions

According to UN statistics, Sub-Saharan Africa's population will double to 2.1 billion by 2050. Among the current population, more than 600 million people are living in off-grid areas (without access to electricity) where transmission and distribution networks have yet to been established, and this number is predicted to rise. MC is promoting a distributed power supply business using battery storage in these off-grid regions of Africa. MC provides equipment that combines power sources (solar panels, battery storage) with appliances (lighting, radios, TVs, etc.) as a service for households in order to supply power to off-grid areas. This also plays a role in reducing the health and environmental impacts of kerosene lamps, which at present are commonly used for lighting in these areas.

(As of September 30. 2021)
Project Business Activities Project Details
Bboxx Distributed power generation business in off-grid areas Operating in 13 countries across Africa and Asia, serving approx. 340,000 households.
NEoT Off Grid Africa Asset finance for distributed power companies in off-grid areas Providing asset finance for off-grid operators in Côte d’Ivoire/ Nigeria.

サステナビリティ・CSR部 ステークホルダーエンゲージメントチーム(PQ-E), 電力ソリューショングループCEOオフィス (EZ-K)

Electric Vehicles (EV・PHEV)/ Battery

Currently, it is said that the transportation sector accounts for approximately 20% of global CO₂ emissions, and the reduction of CO₂ emissions as well as of the use of fossil fuels in the automotive industry pose significant issues. As part of its involvement in the automobile sales business worldwide, MC is engaged in expanding the sales of the Outlander PHEV*1, a plug-in hybrid electric vehicle, manufactured by Mitsubishi Motors Corporation (MMC), which has less impact on the environment while operation. Through the promotion of these electric vehicles, MC is contributing to the realization of a low-carbon and sustainable, energy-efficient society.

Sales Expansion and Promotion Activities

MC implements a variety of initiatives, including through collaboration with local affiliates, to promote and expand sales for the Outlander PHEV, developed and sold by Mitsubishi Motors Corporation(MMC). MC further promotes electric vehicles through initiatives such as hosting test-ride events, participating in events that utilize electric vehicles, collaborating in environmental initiatives with other companies including power companies, and participating in energy-saving projects that utilize electric vehicles. The Outlander PHEV, launched in Indonesia in November 2019, was the first PHEV launched in the ASEAN region. Interest in environmental measures such as reducing CO₂ emissions has been increasing in Indonesia, and MC will contribute to society by expanding the sales of the EVs including PHEV. In addition, we are collaborating with other companies that are tackling environmental issues. PT Mitsubishi Motors Krama Yudha Sales Indonesia (MMKSI)*2, our affiliated company, signed a memorandum of understanding with the state-owned power company to expand the charging environment for EVs. Through initiatives such as these, we are supporting the proliferation of EVs in Indonesia, helping them to spread even further.

  1. *1 Outlander PHEV The world’s first plug-in hybrid SUV
  2. *2 PT Mitsubishi Motors Krama Yudha Sales Indonesia An MC affiliated company involved in the automobile sales business in Indonesia
Outlander PHEV when charging stations are installed at luxury shopping malls
Outlander PHEV when charging stations are installed at luxury shopping malls
Low-carbonization of Electric Vehicle (EV) Manufacturing and Utilization of Waste Batteries

Through initiatives such as the installation of solar power generation equipment for MMC’s factories and the innovation of technology for the reuse of EV batteries, MC and Mitsubishi Corporation Energy Solutions Ltd.*1 (MCES) are reducing the environmental impact of the manufacture and proliferation of EVs, helping them to spread even further. 
MCES has installed rooftop solar panels (approximately 3.3MW) at the Mitsubishi Motors Okazaki Plant (Okazaki City, Aichi Prefecture)—one of MMCʼs main EV-producing plants—and the power generated is supplied to the facility. This is reducing the plantʼs CO₂ emissions (by roughly 1,600 tons/ year) and contributing to the creation of an environment which enables the clean, low-carbon production of EVs. 
In addition, together with MCES, MC is planning to build a demonstration battery storage system with a maximum capacity of 1MWh utilizing waste batteries (produced by Lithium Energy Japan*2) from the Outlander PHEVs manufactured at the Okazaki Plant. Through this project, we aim to create a system to reuse the large number of used batteries that will result from the spread of EVs. 

  1. *1 Mitsubishi Corporation Energy Solutions Ltd. A 100% subsidiary of MC involved in the power generation business 
  2. *2 Lithium Energy Japan A joint venture company between MC, Mitsubishi Motors Corporation and GS Yuasa Corporation
Energy Storage Businesses
MC is promoting the development, manufacturing and sales of lithium-ion batteries, which are expected to become increasingly prevalent for use in environmentally-friendly vehicles and power storage applications.
We aim to develop our power storage and energy storage related businesses in response to growing demand for automotive and industrial storage applications.
 
(As of September 30. 2021)
Project Business Activities Capacity
Lithium Energy Japan Lithium-ion battery manufacturing Production capacity: 1.5GWh
Energy storage demonstration project in India Energy storage business Storage capacity: 10MW (10MWh)

電力ソリューショングループCEOオフィス (EZ-K), 自動車・モビリティグループCEOオフィス(UV-A)

Ammonia Fuel/ Hydrogen Energy

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<Chiyoda’s SPERA Hydrogen>

Ammonia Fuel

MC is focusing on ammonia and hydrogen which are seen as promising next-generation energies. MC is proceeding with joint testing with our partners at each stage of the ammonia fuel value chain, “production,” “transportation” and “usage.”

For the “production” stage, MC is currently assessing the production process of ammonia fuel with a combination of fossil fuels and CCUS. MC is considering this a practical option both from a technical and economic perspective. However, at the same time, MC is also proceeding with reviewing more environmentally-friendly methods such as hydrogen and ammonia production derived from renewable energies and hydrogen production that utilizes photocatalytic technology.

For the “transportation” stage, it is assumed that large-scale transportation and storage of ammonia fuel will be necessary, so MC will respond by utilizing its expertise in logistics cultivated through its existing businesses.

For the “use” stage, MC will leverage our relationships with energy industry players that we have cultivated through our existing businesses. MC has also begun detailed studies for the joint full-scale introduction at each company.

CCS Joint Study for Clean Fuel Ammonia Production in Indonesia

Japan Oil, Gas and Metals National Corporation (JOGMEC), MC, Bandung Institute of Technology (ITB), a national university in the Republic of Indonesia, and PT Panca Amara Utama (PAU) have conducted a joint study on carbon capture and storage (CCS) and carbon dioxide utilization for clean fuel ammonia production in Central Sulawesi, the Republic of Indonesia.

Agreement with Denbury on CO₂ Transport and Storage Operations for Fuel Ammonia Production

MC has reached an agreement with the Texas-based independent energy company Denbury Inc (“Denbury”) on the key term-sheet of CO₂ transport and storage operations, via Denbury’s wholly owned subsidiary Denbury Carbon Solutions LLC. The business is in line with MC’s aim to commence production of fuel-use ammonia in the US Gulf of Mexico (“GoM”). MC aims to produce one million tons of fuel ammonia annually in the US GoM and export to the Japanese market towards the late 2020s. The estimated CO₂ volume to be captured from the ammonia facility is maximum 1.8 million metric tons per annum. Under the terms of our agreement with Denbury, the captured CO₂ will be either sequestered underground via Denbury’s EOR or CCS which Denbury plans to develop in the future. The term sheet contemplates an initial period of 20 years, with the ability to extend further.

* EOR: Enhanced Oil Recovery.

Hydrogen Energy

The use of hydrogen as a source of energy is gaining attention as a low-carbon alternative.We participated in the New Energy and Industrial Technology Development Organization (NEDO)-subsidized Demonstration of Unused Energy-Based Hydrogen Supply Chain Using Organic Chemical Hydride Method*1 project, which came to a successful conclusion in December 2020, and we have now entered the commercial project development phase.

*1 This demonstration project is an initiative for the establishment of the mass transportation of hydrogen from overseas and supply technology that will be necessary for the full-scale introduction of hydrogen power generation for the power generation business in 2030 to realize phase two of METI's Strategic Road Map for Hydrogen and Fuel Cells (published in June 2014, revised edition published in March 2016). In 2020, MC implemented a demonstration project transporting hydrogen from Brunei to Japan. Based on the Paris Agreement that was adopted at COP21 in December 2015, with the increasing need to reduce future greenhouse gas emissions, MC will contribute to the realization of utilizing hydrogen, which does not emit CO₂ during combustion, in the field of large-scale power generation.

Realization of International Hydrogen Energy Supply Chain

In March 2020, MC along with five private Singaporean companies (City Energy (formerly City Gas), Jurong Port, PSA Corporation Limited, Sembcorp Industries and Singapore LNG Corporation) and Chiyoda Corporation executed a MOU aimed at the realization of a sustainable hydrogen economy in Singapore in the presence of Singapore government officials.
In addition, MC executed a MOU in July 2021 with the Port of Rotterdam Authority, Koole Terminals and Chiyoda for the joint-study of commercial-scale imports of hydrogen to the Port of Rotterdam. Furthermore, in October 2021, MC signed a MoU with Sembcorp to establish a strategic alliance aimed at exploring the feasibility and implementation of a commercial-scale, decarbonized hydrogen supply chain in Singapore.
Chiyoda Corporation’s hydrogen storage and transportation technology (SPERA Hydrogen®*2) is expected to play a key role in MC’s aforementioned initiatives.
We will continue to discuss, consider and take concrete steps for the realization of a cost-effective, international hydrogen energy supply chain together with the above companies and others who have shown significant interest in SPERA Hydrogen® technology and related business opportunities.

*2 SPERA hydrogen®: Hydrogen is converted into methyl-cyclohexane (MCH) through a chemical reaction with toluene and is then stored and transported. The MCH will go through a dehydrogenation process where the hydrogen is separated from the MCH, leaving the toluene to be reused. As both toluene and MCH are stable and can be transported in a liquid state at ambient temperature and pressure SPERA Hydrogen technology is viewed as one of the important solutions for tackling the difficulties of hydrogen transportation.

Chiyoda’s SPERA Hydrogen

MoU to Collaborate on Hydrogen Plans in Alberta

MC and Shell Canada Products, by its managing partner, Shell Canada Limited (Shell Canada) have signed a Memorandum of Understanding relating to the production of low-carbon hydrogen through the use of carbon capture and storage (CCS) near Edmonton, Canada. MC aims to build and start-up the low-carbon hydrogen facility near the Shell Energy and Chemicals Park Scotford towards the latter half of this decade, and Shell would provide CO₂ storage via the proposed Polaris CCS project.

産業インフラグループCEOオフィス(MV-Y)

CCUS

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CarbonCure英語版用画像

MC, as a company aiming to contribute towards achieving the goals of the Paris Agreement, recognizes that Carbon Capture, Utilization and Storage CCUS) will play a major role in achieving those goals. The International Energy Agency (IEA) has stated that CCUS must be used to reduce roughly 10% of CO₂ emitted in 2050 in order to achieve the 2°C target (the remaining amount to be reduced through renewable energy and energy-saving technology), and the IPCC has also emphasized the role that technology should play. CCUS is a field that spans multiple industries, from those that are the source of CO₂ emissions, to those that produce end-products such as fuel and chemical materials. Therefore, MC recognizes CCUS as a business opportunity to demonstrate its comprehensive capabilities as a company that interacts with many industries. To take advantage of this business opportunity, MC will promote the commercialization of CCUS by establishing a cross-group task force and liaison committee.

For CCU, MC is working on short-term initiatives in the construction materials field where there are already commercialized products (such as concrete) and technology. It is also working on medium- to long-term initiatives in the petroleum and chemicals field where further research and development is necessary for demonstration (such as jet fuel and synthetic fibers). Through the above initiatives, MC is developing new businesses and technology through investment and collaboration with various domestic and international corporations. In addition, MC is accelerating efforts in the wide-ranging field of CCUS, including participating in demonstration projects through Japan CCS Co., Ltd.

* IPCC: Intergovernmental Panel on Climate Change. The IPCC is an intergovernmental organization established by the UNEP (United Nations Environment Programme) and the WMO (World Meteorological Organization) that collects and organizes scientific research regarding climate change.

Initiatives in the Field of Construction Materials

MC is working in the field of construction materials where technological maturity is high and where commercialized projects already exist. There are many kinds of construction materials, such as ready-mixed concrete, precast concrete (concrete block products) and aggregates (raw material of concrete). As a suitable CO₂ reduction method is required for each, MC aims for the maximum reduction in CO₂ by approaching each product with a combination of various technologies and collaborations with corporations (Green Concrete Concept).

SUICOM

CO₂-SUICOM, which is already commercialized, is the world's first concrete block manufacturing technology to achieve net-zero CO₂ emissions during concrete production. Net-zero CO₂ emissions are achieved by reducing CO₂ in cement production—the raw material of concrete—, and the absorption of CO₂ to concrete. In Japan,
the technology has been used in the construction of the Tokyo Outer Ring Road and other paved roads, and MC is proceeding with commercialization overseas. Four companies, Chugoku Electric Power Co., Inc., Kajima Corporation, Denka Company Limited and Landes Co., Inc., are responsible for the technology, and MC is primarily responsible for overseas commercialization. Also, three companies, Kajima Corporation, Chugoku Electric Power Co., Inc and MC, were chosen in NEDO’s publicly-offered commissioned project, “Carbon Recycling, Development of Next-Generation Thermal Power Generation/Technological Development at CO₂ Utilization Sites/ Technology Development and Demonstration Projects of the Effective Utilization of CO₂ at Research Bases/Research and Development of Concrete that Effectively Utilizes CO₂.” In this project, MC is working on research and development into new CO₂-utilizing concrete such as ready-mixed concrete and reinforced concrete that makes the application of CO₂-SUICOM technology outside of ready-mixed concrete possible.

* NEDO: New Energy and Industrial Technology Development Organization

Blue Planet

Blue Planet is an US-based start-up company that possesses technology for producing aggregates—the raw material for concrete—by fixing CO₂ to unused and scrap concrete from industrial waste. Blue Planet's CO₂-utilization aggregate was used in the renovation of San Francisco International Airport and is addressing industry issues of both CO₂ emissions and unused and scrap concrete. MC is financing Blue Ocean and is responsible for the technology's domestic and international commercialization. MC has signed a collaboration agreement with Blue Ocean to commercialize their CO₂-utilization technology. Throughout the fiscal year ending March 2022,
MC will conduct a demonstration project for CO₂-utilization technology in California's Silicon Valley region and is subsequently planning full-scale commercial development.

Process Flow of Blue Planet's Technology
Process Flow of Blue Planet's Technology

CarbonCure

CarbonCure Technologies Inc. is a Canadian company that possesses technology for fixing CO₂ into concrete building materials. MC has made an equity participation in CarbonCure and has a business partnership to expand businesses related to CarbonCure's technology. CarbonCure's carbon recycling technology fixes and utilizes CO₂ into fresh concrete during production, reducing CO₂ emissions by reducing the amount of cement used.
The strength and dependability of CarbonCure’s concrete is the same as traditional concrete, and it is currently widely used commercially, mainly in North America.

Overview of the process from CO₂ collection to its use as a building material
Overview of the process from CO₂ collection to its use as a building material
  1. 1. Emitted CO₂ is collected and refined.
  2. 2. The refined CO₂ is stored at a fresh concrete production plant connected to CarbonCure's facilities.
  3. 3. CO₂ is injected into the fresh concrete and low-carbon concrete is produced.
  4. 4. By using concrete that incorporates CarbonCure's technology, the amount of CO₂ emissions from building materials is reduced.
Initiatives in the Petroleum and Chemicals Field

With CCUS as a medium-to-long-term initiative, MC is addressing the petroleum and chemicals field where further research and development is required. Specifically, MC, along with the University of Toyama, Chiyoda Corporation, Nippon Steel Engineering Co., Ltd, Nippon Steel Corporation and HighChem Company Limited, were chosen in NEDO’s publicly-offered commissioned projects, “Carbon Recycling and Development of Next-Generation Thermal Power Generation/Development of Technology for the Reduction of CO₂ Emissions and the Effective and Practical Use of CO₂/Development of Technology for the Use of CO₂ in Chemical Materials,” and the organizations are working on the research and development of a method to produce paraxylene, which is a material used in clothing and PET bottles, from CO₂. In this initiative, MC, as a company with one of the world's highest transaction volumes in paraxylene, is responsible for testing and reviewing commercial feasibility using its global network. Due to its composition, paraxylene can fixate CO₂ while limiting the amount of hydrogen as material. MC recognizes that the potential for CCU paraxylene is significant, both from an economic and environmental perspective. It is expected that demand for clothing will rise with the increase in the global population. Therefore, to meet the demand for polyester that cannot be covered with recycling alone, MC aims to substitute existing petroleum-based paraxylene with sustainable paraxylene produced from CO₂.

CCUS at Tangguh LNG Project

MC, as a shareholder of the Tangguh Production Sharing Contract Partners led by bp, the project operator, proceeded the Plan of Development (POD) for Ubadari Field and Vorwata Carbon Capture Utilization and Storage (CCUS) at Tangguh LNG Project in Papua Barat, Indonesia, and POD was approved by SKK Migas (Special Task Force for Upstream Oil and Gas Business Activities Republic of Indonesia) in 2021. In this POD, the new development includes CO₂ reduction by CCUS and incremental gas production, from both Ubadari and Vorwata field. Ubadari field development is fast-tracked as a result of the successful appraisal program and will be produced via Normally Unmanned Installations (NUI) connected to offshore pipeline to Tangguh facility. Meanwhile the Vorwata CCUS development will see an approximately 25 million tons of CO₂ injected back to the Vorwata reservoir to eliminate carbon venting and to provide incremental gas production through enhanced gas recovery (EGR). The CO₂ injection will remove up to 90% of the reservoir-associated CO₂, currently representing nearly half of the Tangguh LNG emissions. The Front-End Engineering and Design (FEED) for Ubadari field development and Vorwata CCUS will start in mid-2022, and with an estimated project start up in 2026 subsequent to a final investment decision.

Project Location Map
LNG Facility
CCS

MC is involved in a pilot project led by Japan CCS Co., Ltd. at Tomakomai, Japan (target to inject a cumulative total of 300,000 tons of CO₂ was achieved in November 2019). While conducting studies through Japan CCS into CCS and carbon recycling technology that effectively utilizes emitted CO₂, MC is pursuing future commercial use possibilities.

MC SIM事務局, 天然ガスグループCEOオフィス (NX-B), 電力ソリューショングループCEOオフィス (EZ-K), 石油・化学グループCEOオフィス(CT-A), 総合素材グループ 炭素本部 戦略企画室(DZ-R), 総合素材グループCEOオフィス(DZ-R2), 金属資源グループCEOオフィス(KZ-B)

Carbon Credit

Collaboration with South Pole to Generate and Sell Carbon Credits from Carbon Removal Technologies

MC is working with one of the world's largest carbon credit developers, South Pole on a joint study of a project to generate and sell carbon credits derived from carbon removal technologies.
In order to achieve the goals set forth in the Paris Agreement and keep global warming within 1.5℃, it is considered critical not only to reduce CO₂ emissions, but also to introduce carbon removal technologies. However, technological innovation and cost reduction are issues that need to be addressed before carbon removal technologies can be implemented on a large scale.
This project aims to solve these problems by developing and selling carbon credits for carbon removal technologies, providing a new source of revenue through credit sales to the companies that supply the credits, and offering credit buyers the opportunity to purchase the credits.

Overview of Project(Next Generation Carbon Removal Purchase Facility)

Overview of Project(Next Generation Carbon Removal Purchase Facility)

Regeneration Project / Investment in Australian Integrated Carbon Pty Ltd

MC and Nippon Yusen Kabushiki Kaisha (NYK) have jointly acquired a 40% interest in Australian Integrated Carbon Pty Ltd (AIC), which is engaged in the sale of carbon credits. The credits are obtained through CO2-sequstrations achieved in the regrowth of Australia’s native forests through a process called human-induced regeneration.
Human-induced regeneration is an established methodology in Australia. It employs new land-management practices to facilitate the regeneration of native woodlands that have been lost over the past few centuries due to clearing and overgrazing. The amount of CO2 stored in the regenerated forests is officially certified as Australian Carbon Credit Units by the Australian Government. AIC aims to capture global CO2 emissions by 100 million tons through its growing portfolio.

天然ガスグループCEOオフィス (NX-B)

Other Low-Carbon/Decarbonized Businesses
(Green Logistics, Green Buildings, etc.)

We will make the most of our vast connections across various industries, and starting with green logistics and green buildings, we will promote carbon reductions and decarbonization through businesses in various fields.

Establishment of the “e5 Consortium” - Promoting Initiatives for the Development, Realization and Dissemination of Zero-Emission EV Ships

In May 2020, together with Asahi Tanker Co., Ltd., Idemitsu Kosan Co., Ltd (trade name: Idemitsu-Showa Shell), Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd., Tokio Marine & Nichido Fire Insurance Co., Ltd. and TEPCO Energy Partner, Inc., MC established the e5 Consortium*1 which aims to create a new shipping infrastructure service through various initiatives toward the development, realization and dissemination of a
zero-emission electric propulsion ship (hereafter “EV ship”). e5 Lab Inc.*2 will serve as the secretariat.

Coastal shipping, a vital social infrastructure for Japan, is facing structural issues such as crew shortages, crew aging and the aging of ships. Also, reducing greenhouse gas emissions from the shipping industry is demanded as one of the climate measures to be addressed by Japan. The seven member companies of the e5 Consortium are focusing on the abundant possibilities and potential of EV ships as an effective solution to solve these pressing matters. They are also considering developing new services that utilize a communications and digital infrastructure for industry. By bringing together and combining the strengths, technical expertise and networks of each member company, we will build a platform to provide an innovative shipping infrastructure service based on EV ships.

As the e5 Consortium's first initiative, it is planning to complete the world's first zero-emission EV tanker powered by high-capacity lithium-ion batteries in March 2022*3.

The e5 Consortium will contribute to sustainable growth in coastal shipping and Japan's society and economy by providing value to the coastal shipping industry through the development and introduction of advanced ships.

  1. *1 “e5” refers to providing society with safe, secure and high-quality transportation services by realizing the following five values in the shipping industry: “electrification,” “environment,” “evolution,” “efficiency” and “economics.”
  2. *2 e5 Lab Inc. was established as a joint venture between the four companies Asahi Tanker Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd. and MC, (President: Tomoaki Ichida, Head Office: Chiyoda-ku, Tokyo). e5 Lab will actively promote initiatives to bring about digital solutions and digital transformation in the shipping industry, including hydrogen fuel cells, ship automation systems, marine broadband, remotely operated ships, the development of a common integrated marine (ship) OS, as well as EV ships.
    e5 Lab Inc. Homepage: http://e5ship.com/
  3. *3 The decision to construct two of the world's first zero-emission EV tankers https://asahi-tanker.com/news-release/2020/135/
    Concept video for the Zero-emission EV Tanker https://youtu.be/6sJjzCbRFWw
Zero-emission EV Tanker scheduled to be completed in 2022
Zero-emission EV Tanker scheduled to be completed in 2022
Trials of Jointly Developed Compact LNG Filling System to Commence in Hokkaido

MC and Air Water Inc. (Air Water) have jointly developed a compact LNG filling facility (Facility) *1 that can be used in limited space. The equipment will be used to fuel heavy LNG-powered trucks.

This is the first portable filling system in Japan and the world's first off-grid power-generation system capable of fueling trucks with LNG even during power outages. Furthermore, by circulating hot water through its waste-heat recovery mechanism, the system can help to prevent freezing problems associated LNG operations in cold or highly humid regions.

MC and Air Water will begin testing the system in Hokkaido, Japan, where it will be used to fuel heavy LNG trucks manufactured by Isuzu Motors Ltd. With the cooperation of Hokkaido Electric Power Co., Inc., MC and Air Water plan to assess the system’s overall effectiveness and how much it can reduce CO₂ emissions and fuels costs typically generated by heavy trucks. The results of the tests will help to determine whether or not to make the system commercially available.

Heavy trucks fueled by LNG are currently in the startup phase in Japan. Most (approximately 500,000) of the heavy trucks on Japan’s roads are diesel fueled, and there are growing concerns about the need to reduce their CO₂ emissions. Unlike trucks powered by electric batteries or fuel cells, LNG fueled trucks have long ranges in excess of 1,000 kilometers and sufficient loading capacity, more than 10% of CO₂ reduction compared to diesel-fueled is expected*2. The partners are also considering ways to further reduce CO₂ emissions in the future, such as by using CO₂-free LNG or LNG fuel blended with liquefied bio-methane.

To successfully commercialize this system, the partners will be relying on an effective marriage of their respective assets and expertise. MC has been developing a wide range of LNG operations since 1969 and can utilize both an extensive business profile and industry-wide know-how, while, in addition to its logistics field of network.
Air Water boasts an impressive lineup of development-and manufacturing technologies in the field of LNG, including tanker trucks and satellite supply facilities. This joint project represents a meaningful step towards our transition to cleaner energies, and both partners are confident that it can help to realize low-carbon or carbon-neutral societies in the future. MC and Air Water are aiming to install this system in locations throughout Japan by mid 2020s, at which point they hope to be offering a competitive supply of automobile-use LNG, including heavy LNG trucks, to customers across the country.

  1. *1 With a footprint of just 3.3 x 12 meters (the same size as a parking space for a heavy truck), the new system is less than half of the cost of a conventional LNG filling station. At less than 10 minutes per fill-up, it also refuels quicker than conventional stations. The plant is to make each station capable of fueling more than 60 trucks per day. The patent application for the system has already been filed.
  2. *2 A heavy LNG powered-truck built by Isuzu Motors Ltd. was used in tests undertaken as part of the Ministry of the Environment's "Low Carbon Research and Development Program", which ran from 2016 to fiscal year 2018. The tests confirmed that the truck had a range of more than 1,000 (primarily highway) kilometers per fill-up in city-to-city transport, and that it also produced less than 90% of the CO₂ emissions produced by diesel-powered trucks that meet Japan’s heavy vehicle fuel efficiency standards set in fiscal year 2015.

SMARI Business that Utilizes Return Journeys from Existing Logistics Networks

The e-commerce market is expanding year after year due to changes in Japan’s social environment, such as the declining birthrate, aging population, the increase in the number of double-income households and the spread of COVID-19. Amid these circumstances, with the increase in e-commerce operators providing rental and sharing services, along with optional services such as free returns, there has been a pronounced increase in the number of returned products. On the other hand, labor shortages are becoming a serious issue for logistics.
In cooperation with its subsidiary Lawson, Inc., in April 2019, MC began the service SMARI, which uses Lawson's existing logistics network to accept the return and sending of parcels. As of 2021, this has expanded to roughly 3,000 stores in the Tokyo, Kansai and Nagoya regions, and with the aim of improving customers’ convenience, SMARI Box installations have been expanded to include locations such as stations and so on.

At around 14,500 Lawson stores across Japan, which are the main deployment locations for SMARI, products are delivered around seven to eight times every day from the dedicated distribution center. SMARI is an initiative where drivers who have finished their delivery pick up packages from the SMARI box and deliver them using their truck's spare space. SMARI is an eco-friendly business model that limits new GHG emissions by using the existing logistics network's return trips. Also, as it utilizes the existing logistics network, there is no need for additional employees. As it is a system where return operations are completed with the SMARI Box alone, stores can expect a reduction in the time of cash register operations that accompany the returning of products. Users do not have to complete a courier return slip or wait at the cash register and can easily return the product in under a minute. Simultaneously, e-commerce companies can expect an increase in customer satisfaction due to diversification in the methods for returning products.
In addition, as SMARI is a non-face-to-face process, it is useful in reducing concerns surrounding face-to-face processes due to the COVID-19 pandemic.

SMARI Box
SMARI Box
SMARI Posting Process
SMARI Posting Process

Digital transformation (DX) Business to Reduce Food Waste in Distribution

Food waste in Japan has been calculated to be 5,700,000 tons (2019), and the scale of this food waste is equivalent to 1.4 times the amount of the WFP's world food aid (2020). Also, of all the food waste in Japan, around 54% is comprised of commercial food waste that is disposed of during the distribution and production process. This is recognized as a key issue to be solved for the food distribution industry.

MC has launched a digital transformation (DX) concept for food distribution (see figure below) for such issues and is proceeding with initiatives to reduce food waste using digital technology, including AI.

DX Concept for Food Distribution
DX Concept for Food Distribution

Specifically, we have begun developing a solution that will predict demand and automate ordering at food wholesalers. While reducing the stock amount at food wholesalers by connecting the appropriate order quantity that will not cause shortages to actual orders calculated using AI, “purchasing the necessary amounts of necessary items” will become possible. Therefore, we can contribute to the reduction of food waste at food wholesalers. In the demonstration experiment, compared to current manual ordering processes, an approximate 30% decrease in stock amount was achieved while reducing the probability of shortages. The solution is anticipated to display sufficient efficacy.

Going forward, by popularizing the solution we are currently developing throughout the entire food wholesale industry,
we will contribute to the reduction of food loss in the food wholesale industry. We will also aim for distribution optimization and reducing food waste across the entire foodstuff distribution value chain by providing solutions for food manufacturers and food retailers.

* WFP: World Food Programme

Digital Platform for the Effective Implementation and Management of GHG Emission Reduction Initiatives

In November 2021, our affiliate company, Olam, announced the launch of GreenPass, an end-to-end smart carbon management platform which enables companies to calculatie and measure the GHG emissions associated with business activities and manage their initiatives to reduce emissions. One of the key features of GreenPass is the improvement of efficiency through digitization, such as the rapid and accurate calculation of emissions, the identification of potential hotspots through AI-based smart systems.  GreenPass is envisaged to expand to industries and sectors beyond Olam's core business of food ingredients, and living essentials such as food, feed and fibre. For example, in Singapore, the company has started to work with "Project Greenprint" led by the Monetary Authority of Singapore to build a sustainable ecosystem in the financial industry.

Explore Feasibility of International Synthetic Methane Supply Chain

MC and Tokyo Gas, in November 2021, have agreed to jointly explore feasibility for a synthetic methane supply chain, leveraging existing LNG infrastructure to liquefy and transport a synthetic methane to Japan, which is produced from green hydrogen using renewable electricity and CO₂. This study will combine both companies’ respective strengths to optimize the supply chain and infrastructure. Tokyo Gas brings its advanced hydrogen and methanation technologies, as well as its expertise in LNG value-chain development, while MC contributes its experience in energy businesses, which covers overseas LNG projects, renewable energy initiatives and other operations. More specifically, the study will examine all issues pertinent to supply chains, from procurement of renewable energy and CO₂, to production of hydrogen and synthetic methane, and further still to liquefaction and transportation operations, mainly in North America and Australia. It will include work aimed at determining the locations for production facilities and delivery terminals, as well as cost reduction. In the future, we plan to conduct demonstrations at these locations. Our Hope is to make synthetic methane an important component within Japan's future energy mix.

Synthetic Methane Supply Chain

Outlander PHEV when charging stations are installed at luxury shopping malls

Launch of New Startup Accelerator Program to Promote Decarbonization

MC and NYK launched a new startup accelerator program designed to promote efforts to decarbonize.MC and NYK have teamed up with Startupbootcamp Australia (SBC Australia), a branch of one of the largest Europe-origin accelerators Startupbootcamp Group. SBC Australia specializes in energy-related acceleration and has a proven track record. This program aims to scout and support promising startups with disruptive technologies and business ideas to solve problems in the energy and resource sectors.

Obtaining Real Estate Environmental Certification for Listed REIT Management Businesses

Mitsubishi Corp. - UBS Realty Inc. (MCUBSR)

MC's subsidiary MCUBSR, through funds managed as listed real estate REIT management companies, is promoting responses aimed at environmental considerations and reducing environmental impacts. These include addressing environmental and energy-saving measures along with optimizing energy use for the properties it owns.

As an overall rating for investment corporations, the GRESB (Global Sustainability Benchmark for Real Estate) has established its position as the current global standard. In the GRESB’ Real Estate Assessment for 2021, Japan Metropolitan Fund Investment Corporation (JMF) was awarded the highest rank of “5 Star”, with the Industrial & Infrastructure Fund (IIF) being awarded “4-Star”. And in the GRESB Public Disclosure, which evaluates the level of ESG information disclosure, in special recognition of their ESG information disclosure efforts, JMF was awarded with the highest rank of “Level A” for five years running, and the Industrial & Infrastructure Fund (IIF) for four consecutive years. In addition, Also, in the CDP climate change program, JRF was awarded an A- score (Leadership level), having also been the first J-REIT to participate in the program in 2016.

For real estate performance ratings, JMF has attained CASBEE Real Estate Assessment Certification *1,
DBJ Green Building Certification *2, and BELS Certification *3. Furthermore, in December 2019, MMI was the first J-REIT to obtain a CASBEE Smart Wellness Office Certification*4 from the Institute for Building Environment and Energy Conservation (IBEC).

At MCUBSR, we will continue to strive to improve the overall evaluation of investment corporations. We plan to raise the attainment rate for external certifications for property by setting KPIs for buildings that have environmental certification to be over 75% of buildings at JMF (total floor space) and 60% of the portfolio and 70% of logistics centers at IIF.

Attaining Real Estate Environmental Certification for Private Fund and Private REITs Management Businesses

Diamond Realty Management Inc. (DREAM)

DREAM, an MC subsidiary that forms and manages private real estate funds for domestic and international investors, has formulated a Sustainability Vision (vision for 2030) to meet future stakeholder needs as a real estate management pioneer, and to continue to be a corporation that contributes to the conservation of the global environment and sustainable economic and social development. DREAM is implementing sustainability management that aims to promote a real estate management business that considers people and organizations as well as the global environment and society.

DREAM Private REIT Inc. (DPR) has a top-class asset size in Japan focused mainly on logistics centers. For the 2021 GRESB real estate assessment, DPR was chosen as a “Sector Leader” in the Diversified, Asia, Non-listed sector for two years running. Also, DPR has attained a Green Star for four years running and a “4 Star” rating for three years running.

For real estate performance ratings, CASBEE Real Estate Assessment Certification*1, DBJ Green Building Certification*2 and BELS Certification*3 and Tokyo Metropolitan Small to Medium Scale Low Carbon Model Building*5 status have been attained by the private funds and private REITs managed by DREAM.

By managing real estate, DREAM will continue to contribute to maximizing society's well-being in the future.

  1. *1 CASBEE Real Estate Assessment Certification
    CASBEE (Comprehensive Assessment System for Built Environment Efficiency) is a method for evaluating and rating buildings' environmental performance. The system comprehensively assesses buildings' environmental performance, including aspects that reduce environmental impacts such as energy-efficiency, resource conservation, recycling efficiency and considerations for the surrounding landscape.
  2. *2 DBJ Green Building Certification
    DBJ Green Building, which utilizes a comprehensive scoring model developed independently by the Development Bank of Japan Inc., is a certification that the DBJ uses to certify buildings environmentally and socially conscious buildings (“Green Building”) based on a five-stage assessment ranking.
  3. *3 BELS Assessment
    BELS (Building-Housing Energy-efficiency Labeling System) is a public system for assessing the energy efficiency of non-residential buildings. It is a five-grade evaluation system for new and existing buildings where third-party institutions assess energy-efficiency based on various criteria. It is expected that BELS, as Japan's first public metric specialized in energy efficiency, will play a role in promoting the adequate provision of information regarding building energy efficiency and the further improvement of energy efficiency pertaining to non-residential buildings.
  4. *4 CASBEE Wellness Office Certification
    The CASBEE Wellness Office Certification assesses the specifications, performance and initiatives of buildings that support the promotion and maintenance of the building users' health and comfort. It assesses usability, which contributes to the improvement of intellectual productivity and the safety and security of the building, as well as factors that directly impact the health and comfort of workers inside the building.
  5. *5 Tokyo Metropolitan Small to Medium Scale Low Carbon Model Building
    Tokyo Metropolitan Small and Medium Low Carbon Model Buildings are those classified as A1 or higher as per the Low Carbon Building Benchmark, the standard for buildings with low CO₂ emissions. This standard was published by the Tokyo Metropolitan Government in May 2012 to enable the evaluation of CO₂ emissions in the real estate market. The Tokyo Metropolitan Government publishes the names of small and medium-sized tenant buildings which are both a) classified as A1 or above (a measure of low CO₂ emissions) and b) are actively engaged in energy conservation as "Small to Medium Scale Low Carbon Model Buildings".
Mitsubishi Corp UBS Realty Inc Green Buildings(As of December 31, 2021)

Japan Metropolitan Fund Investment Corporation

Certifications received Rank Year
GRESB Green Star 2015、2016、2017、2018、2019、2020、2021
CDP Climate Change Program B- 2016、2017、2018、2019、2020
A- 2021
Certifications received Property Evaluation rank Gross floor area(㎡)*1 Acquisition price
(¥ million)
CASBEE AEON Itabashi Shopping Center Rank S 72,737.91 ㎡. 12,411
AEON Naha Shopping Center Rank S 72,997.08 10,830
Ario Otori Rank S 95,135.36 19,040
AEON MALL Kobe Kita Rank S 128,031.55 10,920
AEON MALL Sapporo Naebo Rank S 66,893.18 9,260
AEON MALL Sapporo Hassamu Rank S 102,162.16 18,818
AEON MALL Musashi Murayama Rank S 137,466.97 30,600
AEON MALL Tsurumi Ryokuchi Rank S 138,538.63 29,902
AEON MALL Itami Rank S 144,723.12 21,488
Abiko Shopping Plaza Rank S 55,761.48 10,332
MARINE & WALK YOKOHAMA Rank S 12670.93 11,300
mozo wonder city Rank S 233,606.73 55,480
Nara Family Rank S 115,707.41 34,875
Oyama Yuen Harvest Walk Rank S 60,788.15 10,709
GYRE Rank S 8,578.85 22,712
Kyoto Family Rank S 44,292.44 5,340
JMF-Bldg. Yokohama Bashamichi Rank S 41,154.75 23,900
JMF-Bldg. Yokohama 01 Rank S 21,054.60 8,260
Twin 21 Rank S 146,034.98 59,800
Kawaramachi Opa Rank A 18,595.69 18,500
KAWASAKI Le FRONT Rank A 94,524.01 30,000
JMF-Bldg. Shibuya 03 Rank A 6,565.87 17,000
JMF-Bldg. Kitahama 01 Rank A 14,648.13 11,500
JMF-Bldg. Sendai 01 Rank A 23,702.00 6,800
JMF-Bldg. Toyocho 01 Rank A 18,506.16 11,300
JMF-Bldg. Imabashi 01 Rank A 7,482.53 2,600
JMF-Bldg. Shibuya 02 Rank B+ 8,655.61 19,600
JMF-Bldg. Nihonbasihamacho 01 Rank B+ 8,123.17 10,400
CASBEE Wellness Office Evaluation Authorization JMF-Bldg. Shibuya 03 Rank B+ 6,565.87 17,000
DBJ Green Building Certification mozo wonder city ★★★★★ 233,606.73 55,480
Abiko Shopping Plaza ★★★★ 55,761.48 10,322
Nara Family ★★★★ 115,707.41 34,875
DFS T GALLERIA OKINAWA ★★★★ 42,088.14 15,600
Kyoto Family ★★★★ 44,292.44 5,340
KAWASAKI Le FRONT ★★★★ 94,524.01 30,000
Oyama Yuen Harvest Walk ★★★★ 60,788.15 10,709
MARINE & WALK YOKOHAMA ★★★★ 12,670.93 11,300
Twin 21 ★★★★ 146,034.98 59,800
JMF-Bldg. Kitahama 01 ★★★★ 14,648.13 11,500
JMF-Bldg. Higobashi 01 ★★★★ 6,519.63 4,340
machinoma omori ★★★★ 21,707.89 9,100
GYRE ★★★ 8,578.85 22,712
KAMISHIN PLAZA ★★★ 18,664.26 3,900
G Building Umeda 01 (Building A) ★★★ 1,730.56 9,483*2
G Building Umeda 01 (Building B) ★★★ 1,169.93
G Building Umeda 01 (Building C) ★★★ 1,225.20
Bic Camera Tachikawa ★★★ 20,983.43 11,920
G-Bldg. Jiyugaoka 01 (Bldg. B) ★★★ 895.12 3,093*3
G-Bldg. Jiyugaoka 01 (Bldg. A) 1,367.43
SEIYU Hibarigaoka ★★ 19,070.88 6,100
G Building Minami Aoyama 03 ★★ 1423.83 12,200
La Porte Aoyama ★★ 6,572.29 9,400
m-city Toyonaka 33,301.93 5,570
pivo Izumi Chuo 17,405.66 6,000
G-Bldg. Kichijoji 02 8,534.71 15,300
BELS JMF-Bldg. Jiyugaoka 01 (Bldg. B) ★★★★ 895.12 3,093*3
JMF-Bldg. Kitahama 01 ★★★ 14,648.13 11,500
JMF-Bldg. Shibuya 03 ★★ 6,565.87 17,000
JMF-Bldg. Shibuya 02 ★★ 8,655.61 19,600
JMF-Bldg. Nihonbasihamacho 01 ★★ 8,123.17 10,400
JMF-Bldg. Higobashi 01 ★★ 6,519.63 4,340
  1. *1 Gross floor area is the gross floor area of the entire building.
  2. *2 Aquisition price of G Building Umeda 01 is 9,483 million yen in total for Building A, Building B and Building C.
  3. *3 Aquisition price of G-Bldg. Jiyugaoka 01 is 3,093 million yen in total for Building A and Building B.

Industrial & Infrastructure Fund Investment Corporation

Certifications received Rank Year
GRESB Green Star 2015、2016、2017、2018、2019、2020、2021
Certifications received Property Evaluation rank Gross floor area(㎡)*1 Acquisition price
(¥ million)
CASBEE IIF Fukuoka Hakozaki Logistics Center Ⅱ(Existing) Rank S 53,289.44*2 9,044
IIF Fukuoka Hakozaki Logistics Center Ⅱ(Extension) Rank A 1,135
IIF Nishinomiya Logistics Center (Extension) Rank S 6,075.58 859
IIF Misato Logistics Center Rank S 19,019.71 3,550
IIF Shin-Kawasaki R&D Center Rank S 11,865.54 6,300
IIF Hiroshima Logistics Center Rank S 22,768.24 3,540
IIF Kobe Logistics Center Rank S 39,567.74 5,193
IIF Noda Logistics Center Rank S 38,828.10 6,500
IIF Akishima Logistics Center Rank S 30,315.91 8,019
IIF Atsugi Logistics Center Ⅲ Rank A 16,470.24 2,290
IIF Kashiwa Logistics Center Rank A 17,379.78 1,810
IIF Iruma Logistics Center Rank A 17,881.65 3,184
IIF Higashi-Osaka Logistics Center Rank A 20,247.86 2,280
IIF Kyotanabe Logistics Center Rank A 33,243.99 5,730
IIF Kazo Logistics Center Rank A 17,744.41 2,361
IIF Yokohama Tsuzuki Logistics Center Rank A 9,562.26 2,350
IIF Nishinomiya Logistics Center (Existing) Rank A 10,608.00 1,300
IIF Itabashi Logistics Center Rank A 5,057.68 1,717
IIF Gifu-Kakamigahara Logistics Center Rank A 16,708.51 2,343
IIF Koshigaya Logistics Center Rank B+ 9,688.47 2,000
DBJ Green Building Certification IIF Hiroshima Logistics Center ★★★★ 22,768.24 3,540
IIF Koshigaya Logistics Center ★★★★ 9,688.47 2,000
IIF Noda Logistics Center ★★★★ 38,828.10 6,500
IIF Kobe Logistics Center ★★★ 39,567.74 5,193
IIF Tosu Logistics Center ★★★ 13,836.97 1,570
BELS IIF Kashiwa Logistics Center ★★★★★ 17,379.78 1,810
IIF Yokohama Tsuzuki Logistics Center ★★★★★ 9,562.26 2,350
IIF Noda Logistics Center ★★★★★ 38,828.10 6,500
IIF Gifu-Kakamigahara Logistics Center ★★★★★ 16,708.51 2,343
IIF Hiroshima-Seifushinto Logistics Center ★★★★★ 30,153.58 6,208
IIF Nishinomiya Logistics Center (Extension) ★★★★ 6,075.58 859
IIF Hiroshima Logistics Center ★★★★ 22,768.24 3,540
IIF Shin-Kawasaki R&D Center ★★★ 11,865.54 6,300
IIF Atsugi Logistics Center Ⅲ ★★ 16,470.24 2,290
IIF Kawasaki Science Center ★★ 4,857.73 2,168
IIF Haneda Airport Maintenance Center 1,2 ★★ 81,995.81 41,110
  1. *1 Gross floor area is the gross floor area of the entire building.
  2. *2 Gross floor area of IIF Fukuoka Hakozaki Logistics Center Ⅱ(Existing) is 53,289.14㎡ in total for IIF Fukuoka Hakozaki Logistics Center Ⅱ(Existing) and IIF Fukuoka Hakozaki Logistics Center Ⅱ(Extention).
【mozo wonder city(Japan Retail Fund)】/CASBEE、DBJ Green Building Certification
【mozo wonder city(Japan Retail Fund)】/
CASBEE、DBJ Green Building Certification
【IIF Noda Logistics Center(Industrial & Infrastructure Fund Investment Corporation)】/CASBEE、DBJ Green Building Certification
【IIF Noda Logistics Center(Industrial & Infrastructure Fund)】/
CASBEE, DBJ Green Building Certification
【Twin 21(MCUBS MidCity)】/DBJ Green Building Certification
【Twin 21(MCUBS MidCity)】/
DBJ Green Building Certification
Reference:Mitsubishi Corp. UBS Realty Inc. HP https://www.mc-ubs.com/index.html
Japan Metropolitan Fund Investment Corporation HP  https://www.jmf-reit.com/
Industrial & Infrastructure Fund Investment Corporation HP  http://www.iif-reit.com/

* As of March 1, 2021, merged with the below investment corporation to become Japan Metropolitan Fund Investment Corporation.
Japan Retail Fund Investment Corporation
MCUBS MidCity Investment Corporation

Diamond Realty Management Inc. Green Building (As of the end of December 2021)

DREAM Private REIT Inc.

Certifications received Rank Year
GRESB Green Star 2018、2019、2020、2021
4 Star(Comparative Assessment) 2019、2020、2021
Sector Leader(Diversified, Asia, Non-Listed Sector) 2020、2021
Certifications received Property Evaluation rank Gross floor area(㎡)
CASBEE Ichikawa Chidoricho Logics Center Rank S 66,914.18
MCUD Honmoku Rank S 66,523.47
Kobe Minato Warehouse Rank S 70,109.21
Daikokucho Logistics Center Rank S 89,316.19
Logistics Park Noda-Funakata Rank S 111,977.23
AEON MALL Kobe Kita Rank S 128,050.62
PUZZLE GINZA Rank S 2,399.90
DBJ Green Building Certification SG Realty Higashimatsuyama ★★★★ 73,902.11
SG Realty Toyosu ★★★★★ 95,539.04
Kawasaki Mizue Logistics Center ★★★★ 102,014.46
BELS DPR Hiratsuka Logistics Center ★★★★★ 29,067.95
Daikokucho Logistics Center ★★★★★ 89,316.19
Kobe Minato Warehouse ★★★★★ 70,109.21
MCUD Zama ★★★★★ 18,487.67
Kawasaki Mizue Logistics Center ★★ 102,014.46
Logistics Park Noda-Funakata ★★★★★ 111,977.23
Tokyo Metropolitan Small to Medium Scale Low Carbon Model Building Espoir Omotesando A3 7,157.32
Olympic Minowa A2+ 6,379.35

WKC Specific Purpose Company

Certifications received Property Evaluation rank Gross floor area(㎡)
CASBEE Muza Kawasaki (Office Building) Rank S 114,322.47
【Muza Kawasaki】/CASBEE
【Muza Kawasaki】/CASBEE
【Kobe Minato Warehouse】/CASBEE、BELS
【Kobe Minato Warehouse】/CASBEE、BELS
【Daikokucho Logistics Center】/CASBEE、BELS
【Daikokucho Logistics Center】/CASBEE、BELS
【エスポワール表参道】東京都中小低炭素モデルビル
【Espoir Omotesando】/Tokyo Metropolitan Small to Medium Scale Low Carbon Model Building

Reference:Diamond Realty Management Inc. HP https://www.mc-dream.com/

複合都市開発グループCEOオフィス(SX-C), 天然ガスグループCEOオフィス (NX-B), コンシューマー産業グループCEOオフィス(HI-F), 産業インフラグループCEOオフィス(MV-Y), 食品産業グループCEOオフィス 経営計画ユニット(LI-F)