The following release was issued jointly by Tosoh Corporation, Shunan City, Yamaguchi Prefecture, Idemitsu Kosan Co.,Ltd. Tokuyama Corporation, Marubeni Corporation.
Shunan City, Japan—Shunan City, Yamaguchi Prefecture (Mayor: Ritsuko Fujii; hereinafter referred to as "Shunan City"), Idemitsu Kosan Corporation (Representative Director & Chief Executive Officer: Shunichi Kito; hereinafter referred to as "Idemitsu"), Tosoh Corporation (President: Toshinori Yamamoto; hereinafter referred to as "Tosoh"), Tokuyama Corporation (President: Hiroshi Yokota; hereinafter referred to as "Tokuyama"), and Marubeni Corporation (President: Masumi Kakinoki; hereinafter referred to as "Marubeni") have signed a Memorandum of Understanding (hereinafter referred to as "MOU") on December 15, 2021 regarding the utilization of woody biomass materials and forest management.
The purpose of this Agreement is to promote the utilization of woody biomass materials and forest management in Shunan City by Shunan City, Idemitsu, Tosoh, Tokuyama, and Marubeni through the "Shunan City Woody Biomass Utilization Promotion Council" established in January 2021.
Matters for Cooperation
1) Utilization and local production for local consumption of woody biomass materials
2) Forest management and effective use of forests
3) Other matters deemed necessary to promote the utilization of woody biomass materials and forest management
In the future, based on this agreement, we will continue to discuss the implementation of a joint demonstration project for the utilization of woody biomass materials and forest management using city-owned forests.
Contact information:
Agriculture and Forestry Division, Industrial Promotion Department, Shunan City
Tel: +81 (8) 3422 8360
Shunan City’s city-owned forest
Conclusion of a Partnership Agreement on the Utilization of Woody Biomass Materials and Forest Management
Who We Are
Tosoh Corporation is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 12,000 people, and generated net sales of ¥732.9 billion (US$6.9 billion at the average rate of ¥106.1 to the US dollar) in fiscal 2021, ended March 31, 2021.
What We Do
Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh’s petrochemical operations supply ethylene, polyethylene, and functional polymers, while its advanced materials business serves the global semiconductor, display, and solar industries. Tosoh has also pioneered sophisticated bioscience systems that are used for the monitoring of life-threatening diseases. In addition, Tosoh demonstrates its commitment to a sustainable future in part by manufacturing a variety of eco-products.
Stock Exchange Ticker Symbol: 4042
DISCLAIMER
This document may contain forward-looking statements, including, without limitation, statements concerning product development, objectives, goals, and commercial introductions, which involve certain risks and uncertainties. Forward-looking statements are identified through the use of the word anticipates and other words of similar meaning. Actual results may differ significantly from the results expressed in forward-looking statements.