Cosmo Energy Holdings Co Ltd has announced that it plans to invest JPY420 billion (US$3.2 billion) in the next 3 years. The investment will be used to support green power and energy, with 30% of the funds allocated to sustainable aviation fuel (SAF) and other sustainable energy sources. This comes as part of a new 3-year business plan, set to start next month, in which JPY100 billion (US$761 million) will be spent on a green electricity supply chain.
The company plans to allocate JPY83 billion to wind power and JPY40 billion to next-generation energy sources, including JPY25 billion (US$191.22 million) to SAF. In addition to green energy, Cosmo Energy Holdings Co Ltd will invest JPY280 billion (US$2.13 billion) in its mainstay oil business, which includes oil development and petrochemical.
This investment in green energy and oil will help the company to stay competitive in the rapidly changing energy landscape, while also contributing to a more sustainable future for the planet.
Country updates
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March 08, 2023
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