Sumitomo Chemical's Transition Loans for Reducing GHG Emissions Selected as First METI Climate Transition Finance Model Project in カジノ シークレット 評判 Chemical Sector

Feb. 7, 2022

Sumitomo Chemical Co., Ltd. announced today that カジノ シークレット 評判 transition loans arranged by カジノ シークレット 評判 Company and its subsidiary, Sumitomo Joint Electric Power Co., Ltd., to finance カジノ シークレット 評判 construction of カジノ シークレット 評判ir new LNG-fired power generation facilities, which are intended to reduce greenhouse gas emissions, have been selected by Japan’s Ministry of Economy, Trade and Industry (METI) as a “FY2021 Climate Transition Finance Model Project.” カジノ シークレット 評判se loans have become カジノ シークレット 評判 first climate transition finance model project conforming to カジノ シークレット 評判 technology roadmap for カジノ シークレット 評判 chemical sector.

In May of 2021, METI, alongside カジノ シークレット 評判 Financial Services Agency and カジノ シークレット 評判 Ministry of カジノ シークレット 評判 Environment, published basic guidelines for companies financing through transition bonds and loans, as カジノ シークレット 評判se authorities consider a sufficient supply of capital to be indispensable for カジノ シークレット 評判 transitions needed to achieve carbon neutrality, including energy conservation and conversion to renewable energy sources. In addition, METI formulated a technology roadmap for カジノ シークレット 評判 chemical sector in December of カジノ シークレット 評判 same year, which shows カジノ シークレット 評判 technologies expected to be necessary for achieving carbon neutrality in カジノ シークレット 評判 chemical sector, as well as a timeline and background information. カジノ シークレット 評判 roadmap was produced on a scientific basis, with reference to both various Japanese domestic policies and international scenarios for achieving carbon neutrality.

In December 2021, Sumitomo Chemical laid out its grand design for achieving carbon neutrality by 2050, setting out a direction and goals for its efforts. カジノ シークレット 評判se transition loans, which have been selected as a model case of climate transition finance for カジノ シークレット 評判 chemical sector, are an initiative following this grand design, implemented to finance カジノ シークレット 評判 construction of LNG-fired power generation facilities being conducted by Sumitomo Chemical at its Chiba Works (Ichihara City, Chiba, Japan) and by Sumitomo Joint Electric Power within Sumitomo Chemical’s Ehime Works (Niihama City, Ehime, Japan). Independent evaluations by Japan Credit Rating Agency, Ltd. and DNV Business Assurance Japan K.K. have confirmed that カジノ シークレット 評判se loans are eligible to be considered climate transition finance, conforming to カジノ シークレット 評判 relevant guidelines and policies.

Committed to contributing to society through its business activities, as set out in its Business Philosophy, カジノ シークレット 評判 Sumitomo Chemical Group will continue to strive as one to resolve climate change and oカジノ シークレット 評判r pressing social issues.

Outline of カジノ シークレット 評判 Transition Loans (plan)

Borrower	Sumiカジノ シークレット 評判mo Chemical Co., Ltd.	Sumiカジノ シークレット 評判mo Joint Electric Power Co., Ltd.
Use of Funds	Construction of a high-efficiency gas turbine power generator at カジノ シークレット 評判 Chiba Works	Construction of LNG-fired power generation facilities at カジノ シークレット 評判 Ehime Works
Loan Amount	JPY 10 billion	JPY 8 billion
Loan Period	10 years	9 years
Receipt of Funds	Scheduled for カジノ シークレット 評判 fall of 2022	Scheduled for カジノ シークレット 評判 end of March 2022
Lender	Financial institutions participating in syndicated loans planned カジノ シークレット 評判 be arranged
Arranger/Structuring Agent	Sumiカジノ シークレット 評判mo Mitsui Banking Corporation

Reference

Press Release by Sumiカジノ シークレット 評判mo Chemical Co., Ltd. as of December 10, 2021
“Sumiカジノ シークレット 評判mo Chemical Formulates Grand Design カジノ シークレット 評判 Achieve Carbon Neutrality by 2050”
カジノ シークレット 出 金 Formulates Grand Design

Contact

Sumiカジノ シークレット 評判mo Chemical Co., Ltd.
Corporate Communications Dept.
カジノ シークレット 無料 ボーナス Address