Idemitsu Initiates Blue Carbon Business Exploration with Hatch Blue in Japan, Concurrently Investing in the “Blue Revolution”

Idemitsu Kosan Co.,Ltd., (a holding company of Idemitsu Americas Holdings Corporation, located in Japan; hereinafter referred to as “Idemitsu”) will commence joint studies with Hatch Blue (hereinafter referred to as “Hatch”) starting from August of this year, through Idemitsu Americas Holding Corporation, with the aim of establishing a blue carbon business in Japan. This initiative aims to contribute to regional revitalization in Japan through the development of low-carbon and decarbonization projects and the acquisition of expertise. In parallel with the joint studies, Idemitsu invests in the “Blue Revolution Fund,” a fund established by Hatch.

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